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REDDIT
$2.5 billion liquidated in 24 hours. 80% were longs. sharing my near-death experience
yesterday was brutal. $2.5B wiped out. mostly longs who thought "btc cant go lower". had 5x leverage long on btc at 92k. thought i was being conservative. (lol). woke up to liquidation warning at 4am. price was at 84k.
had 2 choices:
- add margin and pray
- close at 60% loss
chose to close. lost ₹45000.
learn from my expensive lesson. leverage will humble you. anyone else got rekt this week? misery loves company. NFA this is definitely not advice.