'wake up call' After $500 billion crypto crash analyst warn market reset exposes leverage risk.
With tradition market closed for the weekend , crypto traders witnessed a massive selloff on Friday evening after president Trump threatened to impose 100% tarrifs on Chinese imports to the US, with total crypto market falling over 10% .
crypto liquidations quickly hit $ 10 billion and neared $ 20 billion later that evening and many estimate the full data could be as much as four times that amount .one trader said Friday's drawdown was in dollar terms the largest liquidation event in crypto history . markets began to stabilize during the weekend though soma say the drop was a reminder ,the risks are amplified.
key take aways
In crypto invest an amount your willing to loose remember it's reported that over 2000 crypto traders lost their lives
Avoid overleveraging and indulge in trading crypto coins with higher liquidity and volume to avoid potential risks of being liquidated .
To the players in the game . Remember it is Risky not to Risk.......✌️
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