5 Comments

    1. --mrperx-- on

      nobody likes to long the top with high average. They just FOMO into the high prices because they are greedy!

      It’s a psychological effect, people don’t like to buy red and sell green, they do the opposite, so they end up losing money

    2. > liquidation of $235 million in leveraged long positions, despite Bitcoin experiencing only a 0.5% price decline

      Leverage and chill on my spine. Do you guys really want to get liq before altseason

    3. coinfeeds-bot on

      tldr; Leverage trading in the cryptocurrency market allows investors to amplify their exposure to price movements by borrowing funds, increasing both potential gains and losses. High leverage ratios, sometimes up to 200x, are popular among traders seeking to profit from Bitcoin’s volatility. However, this can lead to significant liquidations, as seen with a recent $235 million liquidation triggered by a 0.5% Bitcoin price dip. The trend of ‘longing the top’ with high leverage reflects a speculative mindset that can destabilize markets. While proponents argue for its potential returns, the risks, especially for inexperienced traders, are substantial. Responsible trading and risk management are crucial for market stability.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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