19 billion USD got liquidated! What a shakeout!

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No more weak hands?

Friday night the biggest shakeout in history of cryptocurrencies took place. Just about anyone that was leveraged in the market got shaken out!

1,6 million of traders were obliterated for a total amount of 19 billion USD worth of cryptocurrencies.

Are the weak hands now out of the crypto space? Are the leveraged traders completely shaken out now, and just the HODL’ers are left?

I think that we can expect a significant loss of leverage the market in the upcoming months!
Which is good for the sector, we need strong hands!

Sincerely,

Pele23

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6 comments
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😵‍💫 Hope you weren‘t leveraged. I am staying away from that stuff.

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Same here. I don't understand much of the logic when most of the value is imaginary.

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Those who experienced forced liquidations could learn to stop using leverage altogether. I'm looking forward to what the contagion would look like in the coming weeks.

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