📉 BREAKING: In the past 24 hours, a whopping 43,149 traders saw their positions liquidated, resulting in the loss of their investments. 💸
💥 The staggering total loss amounted to $150.99 million, painting a stark picture of market volatility.
📉 Short positions bore the brunt of the losses, accounting for approximately $115.66 million, indicating a bet against the market's upward movement.
📈 Conversely, long positions contributed $35.70 million to the overall losses, highlighting the risks associated with betting on price increases.
💰 Notably, a significant portion of the losses, around $60 million, stemmed from short positions in Bitcoin, emphasizing the unpredictability of cryptocurrency markets.
💡 The key takeaway?
Betting against the market through short positions may not yield favorable results, underscoring the importance of strategic investment approaches.
