Crypto Market Sees $484 Million in Liquidations Over 24 Hours
According to BlockBeats, data from Coinglass reveals that the crypto market experienced liquidations totaling $484 million in the past 24 hours. Of this amount, long positions accounted for $336 million, while short positions saw liquidations of $148 million.
Mistakes I Made as a Beginner Trader So You Don’t....
When I started trading, I thought profits would come fast and easily. I believed every green candle meant “buy now” and every influencer knew the future. That mindset cost me money, time, and a lot of stress. If you’re new, learning from these mistakes can save you from the same pain.
One of my biggest mistakes was trading without a plan. I entered trades just because the price was moving fast or someone said a coin would pump. I had no clear entry, no stop loss, and no exit target. When the market moved against me, I panicked and made things worse. A simple plan would have protected my capital.
Another mistake was risking too much on one trade. I used large positions hoping to get rich quickly. One bad move wiped out days or weeks of gains. Over time, I learned that protecting capital is more important than chasing big profits. Small, controlled risk keeps you in the game.
I also ignored stop losses in the beginning. I told myself, “It will come back.” Sometimes it did, but many times it didn’t. Losses kept growing because I refused to accept I was wrong. Using a stop loss is not weakness. It’s discipline and survival.
Overtrading was another problem. I felt I had to trade every move to make money. This led to poor decisions, high fees, and emotional exhaustion. The market doesn’t pay you for activity; it pays you for patience. Waiting for good setups changed everything for me.
I spent too much time chasing pumps. I bought after big green candles, thinking I was early, but usually I was late. Smart money buys quietly and sells when the crowd gets excited. Learning to wait for pullbacks helped me avoid unnecessary losses.
Finally, I underestimated emotions. Fear made me sell too early, and greed made me hold too long. Trading is not just charts; it’s a mental game. Controlling emotions and staying calm during wins and losses is a skill that takes time.
Trade smart, protect your capital, and let experience work in your favor.
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Word of the Day: Test Your Knowledge on “#BinanceABCs” to Unlock HOME Rewards!
This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance is pleased to launch a new Word of the Day (WOTD) game! The theme of this week’s WOTD is “#BinanceABCs”. Read selected articles to learn more about this topic and participate in this week’s WOTD to grab a share of the rewards. Activity Period: 2025-12-08 00:00 (UTC) to 2025-12-14 23:59 (UTC) Complete 3 Words to Unlock Your Share of 400,000 HOME Token Vouchers WOTD is an educational word-guessing game, which allows users to increase their crypto vocabulary and stay on top of the latest market developments. How Does It Work All eligible users may play up to two WOTD games per day to test their knowledge on the given topic.Users who get a total of three correct answers during the Activity Period are eligible for an equal share of 400,000 HOME token vouchers. The maximum reward per winner is capped at 80 HOME. How to Enable the Second WOTD Game After the first game, click the "Get A New WOTD" button.Share one of the selected articles of the day on social media.Unlock the second WOTD game once the selected article is successfully shared on social media and the shared link is clicked by a third party. New User Welcome Bonus In addition, all new users who register for a Binance account using the “WOTD2025” referral code or via this referral link during the Activity Period, will each receive 10% off their Spot trading fees. Users may also qualify for additional welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration. Play WOTD Now to Earn Rewards! Related Readings for This Week’s WOTD Making Crypto as Easy as ABC – Binance’s New Illustrated Book Turns Jargon into Joy Terms & Conditions Binance reserves the right to modify or cancel the Promotion at any time without prior notice.Binance reserves the right to update the list of eligible countries/regions for the Promotion at any time. Users who were previously able to participate may no longer be eligible to join or receive rewards under the updated terms.These terms and conditions (“Activity Terms”) govern users’ participation in this WOTD activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. 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Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. For the new user welcome bonus: The 10% Spot trading fee discount will remain valid as long as the Binance referral program is in place. Users may qualify for welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegal bulk account registrations, self dealing, or market manipulation).Binance reserves the right to disqualify any participant found to be engaging in fraudulent activities or violating the platform’s terms of use.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. 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Why Gold-backed coins maintained stable prices during this downside of altcoins?!
Short Answer:
Gold‑backed tokens largely held up because their price is anchored to physical gold (a low‑volatility, liquid reference), they attract safe‑haven flows during risk‑off episodes, and they have structural features—redemption, institutional custody, and lower leverage—that reduce speculative selling pressure.
Why (concise drivers)
Reference Asset Anchoring Most gold‑packed coins e.g $PAXG redeem or peg to spot gold or an audited reserve; that link limits free‑floating downside because sellers can arbitrage the token toward the underlying metal rather than driving price far below intrinsic value. What this means: arbitrage desks and market makers step in quickly to keep token price near spot gold. Safe‑Haven Flows and Reallocation In broad crypto selloffs, risk capital flees speculative altcoins and often reallocates into perceived stores of value. Gold‑backed tokens are an on‑chain representation of that destination, so demand cushions price drops. What this means: net flows into gold tokens (even small) have outsized stabilising impact because sellers of altcoins need a place to park capital. Lower Leverage and Derivative Exposure Gold tokens typically have less leverage, fewer perpetual/derivative markets, and lower retail margin trading activity than popular altcoins. That reduces forced liquidations and violent intraday swings. What this means: price moves are driven more by spot gold and arbitrage than by cascade liquidations. Institutional Custody and Auditability Projects with institutional custodians and frequent attestations inspire more confidence during stress, reducing panic selling compared with unaudited altcoins. What this means: investors treat them like tokenised commodity ETFs rather than speculative tokens. Correlation Structure and Liquidity Differences Gold tokens track an external, deeply liquid market (LBMA/COMEX spot), which has its own drivers that may not be synchronized with crypto risk‑off. Conversely, many altcoins are highly correlated to Bitcoin and to crypto market liquidity, so they fall harder. What this means: decoupling is a function of reference‑market behavior plus how easily the token can be arbitraged.
Key caveats and invalidation signals If the issuer fails audits, custody reports, or redemption (proof of reserves) tests, the token can depeg and fall sharply. Regulatory actions that limit on‑chain commodity redemption or ban certain tokenised assets would remove the safe‑haven bid. If spot gold itself drops sharply (driven by macro or liquidity stress), gold tokens will follow despite structural strengths.
Practical checks you can make Confirm recent attestations/audit reports and custody provider names. Check whether token spread vs spot gold is widening (if yes, risk of depeg). Look at derivative/open interest on the token—low OI suggests lower liquidation risk.
You guys know when someone start his post with these intros that he knows NOTHING:" I told you.." This's exactly what I have.." I've been warning you.." In my last/previous post.."
Market-ZONe
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Bullish
😱 O MYYY GOD!! 😱 I can’t believe this just happened! 😨
💥 $MET just DUMPED like crazy!! It’s now at $0.5 — unbelievable! 📉
🔥 I told you guys this was coming!! Who else saw this massive drop coming?! 👀