$250M got liquidated in last 4 hour

Hello Guys!!

Bitcoin price has fallen below $37k Trading comes with its own risk nearly $250M got liquidated in 4 hours.

In the past 4 hours , 100k traders were liquidated.

• BTC : $115M
  
• ETH: $44M
  
• GMT: $6.7M
  
• APE: $6.6M
  
• LUNA: $3.69M
  
• SOL: $4.8M
  
• DOGE: $3.6M
• XRP: $3M
  

Most trader got liquidated on Bitcoin followed by ETH and other alt coin.

Most of the liquidation was on long position. In long position trader bet on the price up.
As exchange close the position by selling off the coin the price dips more.

Binance & Okex are two top exchange where liquidation took place followed by FTX, Bybit, Huobi

Drop in Bitcoin prices led to price drop in alt as well.
NASDAQ has dropped by 5% as well so entire market is down.

If you are new to the crypto it is best to avoid trading and buy & hodl the coin.

Are you guys buying anything in this dip or will wait?

Thankyou

Source: coinglass