Why is this happening even when BTC is rising?
According to Coinglass, in the past 24 hours, a total of 200,194 people were liquidated globally, with a total liquidation amount of $972 million.
Why is this happening even when BTC is rising?
According to Coinglass, in the past 24 hours, a total of 200,194 people were liquidated globally, with a total liquidation amount of $972 million.
They were probably shorting or had sell orders in.
They wanted BTC to crash again, hmmm 🤔
They were in short positions which get liquidated during big pumps.
That's so bad
Yeah, and it can happen very fast as well, often referred to as 'short squeeze'.