REKT: Über 5.700.000.000 US-Dollar an Long-Positionen wurden in nur 7 Tagen liquidiert.
https://www.reddit.com/gallery/1tz5mu4
REKT: Über 5.700.000.000 US-Dollar an Long-Positionen wurden in nur 7 Tagen liquidiert.
https://www.reddit.com/gallery/1tz5mu4
17 Kommentare
Source: [https://x.com/Cointelegraph/status/2063508866084515941](https://x.com/Cointelegraph/status/2063508866084515941)
Wish I had a 1/4 of it
Went from +$120k up to -$200k down. I just tell myself: „No crying in the casino“. It helps though.
Sensational headline but on 20-50x leverage the actual losses are much lower.
By the way on 10/10 (the day bull market ended), there was almost 20b liquidations officially. No one knows the real number.
Crypto is full of degenerates. They continue to gamble with leverage and market makers will continue to extract. They will play with the spot price for as long as 2+ leverage is offered
Awesome
Is long that you expect the price to go up? Or how does that work?
Lovely to see degenerates losing their money.
We need more liquidation, those who use leverage must learn by going bankrupt.
this is garbage and doesn’t define what actually happened. If these are futures and derivative positions, then are these net open/closes were total closes.
Also, if these are futures positions that were closed there could’ve been 5.7 billion derivative futures positions closed but they could’ve opened 6 billion of the underlying bitcoin or Ethereum. Again the title of this post is less than meaningless.
Correct that’s why it dropped so much
The ace of spades! The ace of Spades!
now we go up
Good! This is markets work.
Does it mean gambling sites took 5bln off their users?
Now it all makes sense
I love the same post about liquidated short and long positions every time the price moves a bit
Shocking !!!