$465 million liquidated in 24 hours! 🩸🩸🩸
In the past week, we had already liquidated more than half a billion dollars in LONG positions, but this time it's in just one day, showing that the last major liquidity pocket has been hit!
RIP 🪦
Now, let's look on the bright side! The gamblers, new entrants, and those using high leverage have all been liquidated, and we are back to negative funding rates as if we were in a bear market.
So why is this positive?
We sell when it's green.
We buy when it's red.
I hope you understand that this is a huge bear trap and that you didn't panic sell.
