So you know one of the most important and worst reasons for the sudden and significant market rise and fall with a "flash" candle is the liquidation of futures contracts and the candle that appears now on Bitcoin and most digital currencies are liquidation candles for contracts and in my opinion these candles are being manipulated by the platforms unfortunately.
According to the image below and its source Coin Glass, more than a billion dollars have been liquidated in the past 24 hours!! Half of them during this candle alone!! And to make it even more difficult for you, there is a person who lost $ 18.9 million in one deal!!
So please stay away from futures contracts completely if you are not an expert at high levels in them.
And if you are an investor in spot trading, congratulations, these candles do not concern you and usually these candles are absorbed quickly because the main goal of making them was to liquidate contracts, and we warned previously about such a decline.
Good luck to all 🌹
