It dropped the 3k it gained two days ago, why is this news? Literally nothing happened…
coinfeeds-bot on
tldr; Bitcoin experienced a sharp drop of nearly $3,000 during the first US trading session after Christmas, leading to over $70 million in leveraged long liquidations within four hours. This highlights the volatility of crypto markets, where high leverage can amplify losses during rapid price declines. Mass liquidations often exacerbate downward momentum due to automated sell-offs. Bitcoin was trading at $87,175 at press time, down approximately 2% in the last four hours.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
mrestiaux on
Just leveraged trades getting wrecked. The market never learns.
Edit: people never learn that they can’t beat the market.
I_Stabbed_Jon_Snow on
Big fish harvesting the overleveraged positions of small fish.
The small fish never learn.
PaperPigGolf on
Aah, ok… ELI5… What does “longs liquidated” actually mean?
Does it mean… some limit orders got filled? Some orders got cancelled?
5 Comments
It dropped the 3k it gained two days ago, why is this news? Literally nothing happened…
tldr; Bitcoin experienced a sharp drop of nearly $3,000 during the first US trading session after Christmas, leading to over $70 million in leveraged long liquidations within four hours. This highlights the volatility of crypto markets, where high leverage can amplify losses during rapid price declines. Mass liquidations often exacerbate downward momentum due to automated sell-offs. Bitcoin was trading at $87,175 at press time, down approximately 2% in the last four hours.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Just leveraged trades getting wrecked. The market never learns.
Edit: people never learn that they can’t beat the market.
Big fish harvesting the overleveraged positions of small fish.
The small fish never learn.
Aah, ok… ELI5… What does “longs liquidated” actually mean?
Does it mean… some limit orders got filled? Some orders got cancelled?