$1.94 billions liquidated in 24 hours
when you get liquidated, you lose all control
no price control, no timing, no choice
all those forced orders are chewing through fewer and fewer resting limits at each level
less liquidity absorbing the same forced volume means way bigger price impact per liquidation
every liquidation pushes price lower, triggering a cascade effect:
> price drops > margin calls > forced orders fire > price drops again
don't be the one getting liquidated
trade with a funded account and keep your capital safe

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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