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If you feel bad about your losses this Sunday, remember that someone got liquidated for 68 million dollars.

” The single biggest position saw a BTC trade on Binance lose $68.73 million. ”

So you are probably doing fine!

[https://finance.yahoo.com/news/sunday-bitcoin-flash-crash-sees-095427341.html](https://finance.yahoo.com/news/sunday-bitcoin-flash-crash-sees-095427341.html)



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15 Comments

  1. I’m genuinely surprised that leverage trading is allowed in crypto markets. Just seems rigged for the house. Any insight as to why this archaic system is in crypto?

  2. There is a thread on the front page that says people were doing leverages to increase their holdings of BTC, where some were up to 150x. Even though they weren’t liquidated of 68 million dollars, they did lose a fair amount of money.

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