To ensure successful investments, it is crucial to closely monitor market movements and stay updated with the latest news. Any news can trigger market volatility, potentially impacting all limit orders.
During the recent crypto market crash, numerous #crypto investors suffered substantial losses as their limit orders were filled and subsequently liquidated.
In times of market instability, it is advisable to refrain from placing any limit orders.
Bitcoin swiftly recovered to the $25,500 level on Friday, reversing losses incurred over the previous two days when it dipped as low as $24,860. This upward movement provided relief for major tokens like #MATIC from Polygon Network and ADA from Cardano, as they experienced nominal gains, mitigating some of the losses from a recent two-day decline.
Consequently, the market strength of #Bitcoin had an impact on short positions, resulting in over $16 million in short liquidations within the last 24 hours for BTC-tracked futures. This amount was relatively lower than usual due to significant declines in the past week, causing some traders to take on reduced capital risks.
