Once again, in the past 24 hours, $1 BILLION longs were liquidated

$160 million of which was just from TerraLuna.

1 billi gone

In the past 24 hours , 358,222 traders were liquidated, the total liquidations come in at $1.01 billion.

The largest single liquidation order happened on Binance - ETHUSDT value of $17.77M.

As we know shorts are not the only ones getting destroyed by using leverage and it's equally as dangerous to use leverage on long positions.

Just in the last 24 hours, $940 million of longs was liquidated.

$600 million was wiped just from BTC, ETH and Terra.

Source

Remember, don't use leverage as it is one of the fastest ways to lose your money.

“The stock crypto market is a device for transferring money from the impatient to the patient.”

- Warren Buffett