🚨 Urgent 🚨

In just one hour, the cryptocurrency market experienced a massive liquidation exceeding 210 million dollars in futures contracts. 💥

This means that the markets were highly volatile, and positions traded with high leverage faced automatic liquidation.

📉 What usually happens in such events?

Liquidation of positions adds additional selling pressure to the market.

A sudden drop can trigger more liquidations in a cascading wave.

Often after these liquidations, we may witness a quick rebound from buyers taking advantage of low prices.

⚠️ Advice for traders:

1️⃣ Reduce leverage to minimize risks.

2️⃣ Always use stop-loss orders to protect your capital.

3️⃣ Monitor the market carefully during these high volatility periods.

💡 Summary:

210 million dollars in one hour reminds us that the market is very sensitive to fluctuations and that risk management is key to survival and success.

#SOL #Binance #binancesquare #BinanceHODLerMorpho #Binanceholdermmt