It's bloody red out there today in the crypto markets.
In the last hour alone we have seen more than $200 million in bitcoin and altcoins get liquidated:
(Source: https://twitter.com/RadarHits/status/1778850195465277843/photo/1)
This number is likely way small.
When the dust settles we are going to see billions likely liquidated on this route…
We have seen this time and time again.
Be careful with margin and leverage, it tends to sell you at the bottom and not let you back in on the way up.