Over $150M in Longs Liquidated on Bitmex in Less Than Two Hours

Cryptocurrency leverage trading is extremely dangerous, traders who choose to do leverage trading should employ rigorous risk management to their futures trading programs, otherwise they may lose all of their investment and get liquidated. Furthermore, studies have shown that as many as 90% of futures traders lose money, so you should never trade futures with capital you cannot afford to lose.

As shown on the above screenshot, Over $150M in longs was liquidated on Bitmex in less than two hours because of the recent BTC price downside.

Cryptocurrency futures trading is often characterized as being similar to gambling or betting horses for a living. There’s no denying that active trading involves risk and potential capital loss. Sometimes Trading is considered gambling because most people don’t understand it and most traders don’t profit from it. The truth is that you are risking something of value in an attempt to make money.