if u had paid some attention u could have guessed that it was very volatile and more of a down trend since morning. why were u fighting against the market

The cryptocurrency market has experienced a significant downturn, with $813 million worth of positions liquidated in the past 60 minutes. Liquidation occurs when traders who have borrowed money (using leverage) to place their trades are forced to close their positions because the market moves against them. When the price drops significantly, it triggers automatic sell-offs to prevent further losses, leading to a cascade effect that causes even more price declines.

This rapid liquidation points to increased volatility, which can be attributed to several factors, such as:

1. Market Sentiment: Negative news or fears about regulations, security breaches, or market manipulation can cause panic among investors, leading to mass sell-offs.

2. Leverage: Many traders use leverage to amplify their potential profits. However, when prices move sharply in the wrong direction, it forces them to sell to cover their loans.

3. Global Economic Factors: Broader financial instability, inflation concerns, or tightening regulations can also have an adverse impact on cryptocurrency markets.

4. Technical Triggers: Cryptocurrencies are often subject to technical factors, such as reaching certain price levels, which can trigger large-scale sell-offs.

Such significant liquidation events reflect both the risks involved in cryptocurrency trading and the overall volatility of these markets.