I heard on a podcast that over a billion dollars in leveraged funds was lost with margin calls today as a result of the price drop.
I am surprised that so many people are taking such dangerously leveraged positions. History always repeats itself for those who have not yet learned the great lesson of Zhou Tong.
When you trade BTC using leverage, it is only a matter of time before you get Zhou-Tonged.
Enjoy.
https://youtu.be/kdvTkddp1F0Anyone trying to 'trade' Bitcoin deserves to loose their money. This is such an extremely volatile commodity that leveraging off of it is a sure loose.
The only way anyone gets anything out of Bitcoin is HODL like a Hong Kong beggar.