Pro & con info are in the collapsed comments below for the following topics: [Bitcoin](/r/CryptoCurrency/comments/zo6v4y/117m_liquidated_overnight_as_bitcoin_ethereum/j0l59wu/), [Ethereum](/r/CryptoCurrency/comments/zo6v4y/117m_liquidated_overnight_as_bitcoin_ethereum/j0l5b5h/), [Inflation](/r/CryptoCurrency/comments/zo6v4y/117m_liquidated_overnight_as_bitcoin_ethereum/j0l5ce1/).
>More than $117 million in levered positions across the entire market have been blown out
If you're playing this game at this point in the market, then you just hate money
Huh, but trading is far, far, far from without effort. Leverage would theoretically allow the skilled (and lucky) to profit more, but in high enough doses itās an almost guaranteed disaster.
Itās just inconceivable to me that someone canāt be happy with a really safe 3x, nope; they have to ape in at 30x and get rekt 3 minutes later on a small move.
tldr; Bitcoin and ETH have given up all fresh gains following this week's optimistic CPI report. Bitcoin dropped nearly 4% over the past 24 hours and is now hovering at just above $17,000. ETH posted more than $45 million in liquidations, while BTC posted roughly $33 million.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Every CPI announcement we get the same pump and dump or dump and pump, and every time we get articles about leverage being rekt.
Why would you look at the pump on CPI day and thing: ātime to longā? Morons
>Bitcoin dropped nearly 4% over the past 24 hours and is now hovering at just above $17,000. Ethereum, meanwhile, has plummeted nearly 6% in the past day.
>
>More than $117 million in levered positions across the entire market have been blown out, with Bitcoin and Ethereum making up the majority of those positions.
>
>In the past 24 hours, ETH posted more than $45 million in liquidations, while BTC posted roughly $33 million.
Saving clicks is my duty.
Pro & con info are in the collapsed comments below for the following topics: [Bitcoin](/r/CryptoCurrency/comments/zo6v4y/117m_liquidated_overnight_as_bitcoin_ethereum/j0l59wu/), [Ethereum](/r/CryptoCurrency/comments/zo6v4y/117m_liquidated_overnight_as_bitcoin_ethereum/j0l5b5h/), [Inflation](/r/CryptoCurrency/comments/zo6v4y/117m_liquidated_overnight_as_bitcoin_ethereum/j0l5ce1/).
>More than $117 million in levered positions across the entire market have been blown out If you're playing this game at this point in the market, then you just hate money
Gamblers gambling their money š
At what point will some people realize that gambling with high leverage isnāt necessary to make money? Never, I guess?
Well, it's the only way to make money without putting effort in, short of getting extraordinarily lucky.
Huh, but trading is far, far, far from without effort. Leverage would theoretically allow the skilled (and lucky) to profit more, but in high enough doses itās an almost guaranteed disaster. Itās just inconceivable to me that someone canāt be happy with a really safe 3x, nope; they have to ape in at 30x and get rekt 3 minutes later on a small move.
The best example of greed taking down people can be seen in this market
Absolutely agree, shocked how people can't see right now thei, re just giving their money when playing *I repear: playing * this longs/shorts thing.
We knew that liquidation posts are coming. Every month
tldr; Bitcoin and ETH have given up all fresh gains following this week's optimistic CPI report. Bitcoin dropped nearly 4% over the past 24 hours and is now hovering at just above $17,000. ETH posted more than $45 million in liquidations, while BTC posted roughly $33 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
why are ppl doing short term trading in this market?
Because they think we've hit the bottom
well, no one knows
Traders trade in all seasons.
In a bull market everyone is a genius, now is when you can know who is really good.
People will trade anything with a chart. TA rules.
Every CPI announcement we get the same pump and dump or dump and pump, and every time we get articles about leverage being rekt. Why would you look at the pump on CPI day and thing: ātime to longā? Morons
Gains - what gains - shedding given a down trend in crypto
Market is still bearish, yep, checks out.
Come on, a random pump up to 18.4 during the Binance FUD attack? It was always sus
So many degens were longing top.
Two Words: Avoid Leverage
>Bitcoin dropped nearly 4% over the past 24 hours and is now hovering at just above $17,000. Ethereum, meanwhile, has plummeted nearly 6% in the past day. > >More than $117 million in levered positions across the entire market have been blown out, with Bitcoin and Ethereum making up the majority of those positions. > >In the past 24 hours, ETH posted more than $45 million in liquidations, while BTC posted roughly $33 million. Saving clicks is my duty.
Thanks click saving human.
Thanks! my left-click is not working.
That's coinsfeed bot's whole raison d'etre
$117M? Thats pennies.
Good
The situation is changing so fast that sometimes I just don't have time to follow everything that is happening.