249 MILLION LIQUIDATION IN FEW HOURS! 🚨 $ETH Trader Lost 11 Million 👇
The has market just experienced a sudden downward move, catching bullish traders off-guard! Binance, OKX and Bybit traders were the most impacted, reflecting in fact over leveraging and overexposure to long positions. An unfortunate ETH trader, saw his position liquidated by $11.94M, making the largest single liquidation order on Binance. Clearly not hedging his position properly!
If we watch at the last 4 hours, data reveals a sharp bearish trend, leading to $274.49M liquidated positions, dominated by BTC and ETH longs. Bitcoin's price fell mainly because it failed to maintain support at certain levels. In my opinion, if buy volumes won't be strong enough in the following hours, we may lead to a deeper correction, possibly testing the $92K range!
Are You Bearish Or Bullish This Week? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
