Over 50,000 Traders Liquidated as Bitcoin Price Surges Past $66,000 Amid Bullish

[sirty143]

Over 50,000 Traders Liquidated as Bitcoin Price Surges Past $66,000 Amid Bullish Run-Up

On Wednesday, the price of bitcoin demonstrated strong growth, escalating by more than $4,200 from its daily low. This 7.1% increase against the U.S. dollar propelled bitcoin past the $66,000 threshold... See more for yourself here.

Your opinion is greatly appreciated.

[Faisal2202]

127.98$ million liquidated as a whole and out of it, $45.94 million was liquidated in BTC only. That's why I don't prefer derivative or futures trading. I mean, BTC is going up and people are losing money, how silly is that, although how amazing is that people also made money when BTC lose it value and along BTC other alts also lose there value. Although the pump was big and very expected but still people liquidated themselves.

No one can actually time the market, and I also think the amount is not too big in compared to what most people lose if this $4k pump was a dump. As in dump people lose more money then they lose now. But still, they should prefer risk management, use SL, I assume most of the traders would be newbies, they should have released that data too.

[TomPluz]

Well, these traders betted on the wrong side of Bitcoin and so they were liquidated but no worries I am sure they can still make a good comeback and bet again and who knows BTC can be friendlier to them next time around. Bitcoin surged to $66K the past days and is right now standing at $67K which is actually a little bit surprising to many, even me including. Now, we are seeing one of the most important attribute of Bitcoin and it of course its famous volatile nature...it can go down and it can go up without a notice anytime. And this all makes trading in Bitcoin really so exciting.