š” Why Long Liquidations Donāt āPumpā the Price
A long isnāt actual ownership of a coin ā itās a contract with the exchange betting on the price.
When a long gets liquidated:
No real coins change hands
No new value enters the market
The ālossā just goes to the exchangeās pockets
In other words, liquidations donāt increase the total value of the coin ā they just redistribute contracts and fees.
The price move you see? Often just forced selling and volatility, not real market strength.
Long story short: Your HODL isnāt magically worth more because someone elseās leveraged bet blew up ā the exchange is the one collecting.