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157,530 traders liquidated in the last 24 hours

All Cryptocurrencies

by COINS NEWS 260 Views

For the love of God, if you don't know what you're doing and you aren't trading with proper risk management (ie, don't YOLO in with everything you've got), STOP.

I'm especially looking at ByBit especially which is experiencing outsized numbers of liquidations. Because ByBit is so heavily promoted by YouTubers, it is dominated by people who have no business trading with leverage anyway. All you're doing is providing liquidity and easy entry points to whales while filling the coffers of the exchange and the YouTubers who convinced you to sign up for ByBit in the first place.

submitted by /u/dado3
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