DISCLOSURE: DELPHI VENTURES AND MEMBERS OF OUR TEAM OWNS BTC, ETH, AVAX. THESE STATEMENTS ARE INTEND
Help, I’m Getting Liquidated
- BTC had a great run up through the first half of November, setting a new high near $69,000, but two major retracements of ~10% in the past week alone (one from ~$69,000 to ~$63,000 on Nov. 10 and another today from ~$66,000 to ~$60,000) has investors and traders alike back on edge.
- Leveraged traders were victims of liquidations as prices dropped and markets deleveraged. Prior to this, open interest was at peak levels for most trading pairs; typically, flushing out excessive lever
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