Liquidation Madness: The High-Stakes Game of Crypto Trading
Oh boy, the world of crypto trading has been wild lately, hasn’t it? One moment you’re riding high, and the next, you’re getting liquidated faster than you can say “bear market.” Just recently, we witnessed a staggering $294.7 million in liquidations happening in just a few hours. If you’re not familiar, liquidations occur when traders use leverage to amplify their bets, and if the market moves against them, well, the house always wins.
What’s the Deal with Liquidations?
In a nutshell, liquidations happen when traders, using borrowed funds, are forced to close their positions as the price moves against them. Imagine betting that a cryptocurrency will drop in price, only for it to skyrocket. That’s a short squeeze, and it’s…
