Reports claim over $1 billion has been liquidated. My share on that was a small amount. I'm now so used to being liquidated that I laugh at large traders loss than lament on mine own. I've decided to stay away from crypto at least a month before even thinking of whether to buy the dip or not.
I like traders that know when to stop trading for a while. If it is bitcoin that you
tradeare trading and
useyou used low leverage, you will not be liquidated. But unrealized loss is not something easy also.
How come you didn't close your position after what happened with the stocks last week? Bitcoin (and crypto) showed some resilience in the 81-83K. It's bad enough for spot traders, let alone for those who use leverage.
Some people are seeing this as an opportunity to buy more. I
was able todid not sell before I slept
yesterday and I was losing $5 when I woke up but I am losing $0.5 now. I believe bitcoin will still increase a little and I will gain a little.
People also need to learn how to DCA. It requires patience and being able to be contented with small earning at times. But it would be
ifof big earning in time like this.