You can’t make this up: A $140 BILLION swing in market cap in under 2 hours.



Bitcoin surged +$3,000, liquidated $120M in shorts, and then immediately nuked $3,000 to liquidate $200M in longs.

Retail sees a "broken market" or manipulation. I see the plumbing working exactly as designed.

The market was over-leveraged on both sides, and the algorithm hunted the liquidity to reset the funding rates.

Leverage is a tool for the solvent to expedite wealth. For the rest of you, it is just an accelerator for bankruptcy.

The weak hands just donated their position to the strong hands. The structure is now clean.
BTC-0.4%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)