63 MIO SHORT POSITIONS LIQUIDATED! 🚨A Trader On OKX Got Liquidated by $4.00M!🩸Is The Inversion Trend Ahead? 🤔
In the past 12 hours $63 million of short position have been liquidated. As we can see in the picture, most of liquidations come from OKX and Binance. Followed then by Bybit and Huobi. Most liquidated positions concern: BTC, ETH, $SOL and $DOGE
Devastating the liquidation of $4.00M! Such heavy liquidations often happen when traders go crazy with leverage. In fact, they are certain about a specific price target but then the market moves against them. That's why I always insist on hedging your position and set up a stop loss. Leveraging 50x/100x is pure gambling and that's VERY risky. It's important to not get greedy and stick to your strategy until the end! That's what's shows personality! 👊
Is the Inversion Trend Ahead? 🤔
This scenario might signal a potential trend reversal, especially if the liquidations are accompanied by a significant buying pressure. So I would really monitors volumes in the following hours. ALSO, other factors such as market sentiment, fundamental analysis and macroeconomic conditions should be considered before calling it: trend reversal!!!
STAY SAFE & DYOR 🙏 NFA. 🤝
