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    1. coinfeeds-bot on

      tldr; Bitcoin’s price dropped below $103,000, leading to over $120 million in liquidated long positions across major exchanges like Binance and Bybit. This price decline caused cascading liquidation effects, amplifying the downward movement in the crypto market. The forced closures of leveraged long positions betting on price increases added to the volatility, with exchanges clearing out these positions during the market turmoil.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. MarioWilson122 on

      Taking out longs has been the winning formula to getting wrecked this cycle. Not sure why everyone isn’t just taking only shorts out at this point.

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