Aaaaaand it’s gone: Nearly $500,000,000 worth of positions got wiped in the last 24h. Again.

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Nearly $500,000,000 worth of positions got wiped in the last 24h and the numbers keep going up.

When will people learn? The market recovered slightly for one day and people aped into long positions again immediately. Why not wait a bit longer to see if this is just a dead cat bounce?

https://preview.redd.it/x1esf3p0q1391.png?width=1605&format=png&auto=webp&s=5a5f31c22e967f29d9f8785f326139e8cc8ff0ab

In the past 24 hours, 86,926 traders were liquidated, the total liquidations come in at $478.90 million

The most significant single liquidation order happened on Bitmex – XBTUSD value of $5.00M

Most of them were long positions:

https://preview.redd.it/8ol754b4q1391.png?width=1643&format=png&auto=webp&s=57a8d43eab0e00925f0aed370fef30a452e26ebe

Look how tiny that last red bar is. Jesus, total slaughter.

https://preview.redd.it/x360siq6q1391.png?width=1599&format=png&auto=webp&s=0360c5aa775eff5944ca6257746f807758a00220

submitted by /u/rootpl
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