$BTC
More than $100M has been liquidated in just the past hour.
The reality is that almost everything in the world runs like a business. From war to peace, someone is always making money. Some profit from conflict, others build a reputation around peace and still turn it into profit.
The crypto market works in a similar way. First the fear spreads across the market. When people start believing a dump is coming, many traders jump into short positions. Then suddenly the market moves up, shorts get squeezed, and a lot of traders get liquidated.
In times like this, it’s better to stay away from futures trading for a while. If you are buying in spot, focus on strong projects so even if you get stuck, there is still a chance for recovery.
And most importantly, stay away from dead projects.