#OnChainLendingSurge
when there is a lot of liquidations lending and investment is just one option. The crypto market just saw a wave of liquidations, with an amount $539 million wiped out in the last 24 hours. Bulls got hit the hardest, losing $481 million, but bears weren't spared either, with $58 million in liquidated shorts.
This wild ride shows how volatile the market can be. The big losses for longs suggest a sudden drop or some serious stop-hunting. Meanwhile, the short liquidations point to some unexpected rallies that caught bears off guard.
This is a reminder that leveraged trading can be risky, especially in a choppy market like this. Both bulls and bears should be extra cautious and use tight stop-loss orders to protect their profits. 🔒