🔻 MARKET REPORT TODAY 🔻
While the $61 loss may seem small, it puts it in a very relevant context for the current state of the crypto market. In the last 24 hours alone, the crypto market has seen $288 million in liquidations, indicating an incredible level of volatility. Of that amount, $194 million came from short positions and $94.63 million from long positions. Even professional traders have been affected, with major assets like Bitcoin (BTC) and Ethereum (ETH) seeing $48.26 million and $58.06 million in liquidations, respectively.
This fact shows that even experienced traders are vulnerable to sudden market movements, especially when trading with high leverage. When compared to these numbers, your loss is more of a reminder of the inherent risks in crypto trading and the importance of proper risk management.
Use this experience as a learning experience to develop a better strategy going forward, such as adjusting your leverage levels, limiting your capital exposure, or even allocating time for additional research. Keep going, friends, because real traders learn from their every move in this market!
