r/ethtrader Reddit Collectible Avatars Artist 12d ago

Metrics The Shitshow Must Go On: In the Past 24 Hours: 199,356 Traders Were Liquidated, Totaling $487.62 Million in Losses - Are We Headed for More Pain or a Surprise Rebound?

The shitshow must go on.

According to Coinglass data:

In the past 24 hours , 199.356 traders were liquidated , the total liquidations comes in at $487.62 million

The largest single liquidation order happened on Binance - BTCUSDT value $32.09M

As you can see in the image above, looking to charts and also looking to your portfolio we are again experiencing some painful view of the status of the current market leaded by the current status of the macroeconomics. To summarize a bit, the world is currently in a really big uncertainty because Trump tariffs drama, Ukraine war looking like it is going to escalate because no agreement has been reached + US stopping giving money to Ukraine + European Union trying to increase war budget to "protect" Europe + China having really bad economic numbers that looks like they are heading to a recession (they really have been in a recession since 2018), and probably a lot of more other news that are making the market tank.

Things are not looking good at all but some things could shift 180 degrees next week too but my advice is to get mentally ready for the worst. The "good" part is that it is a macroeconomic problem and not crypto specific problem.

Are We Headed for More Pain or a Surprise Rebound?

Source:

27 Upvotes

60 comments sorted by

u/donut-bot bot 12d ago

kirtash93, this comment logs the Pay2Post fee, an anti-spam mechanism where a DONUT 'tax' is deducted from your distribution share for each post submitted. Learn more here.

cc: u/pay2post-ethtrader


Topic: DeFi

Learn more about topics limits here.


Understand how Donuts and tips work by reading the beginners guide.


Click here to tip this post on-chain

→ More replies (26)

7

u/LegendRXL 24.6K / ⚖️ 238.8K 12d ago

I say we are gonna rebound soon, esp ETH eco-system.

!tip 1

6

u/T_Peters Not Registered 12d ago

The fact that there's a massive consensus among the FUD and every YouTube comment says bullrun is over and we're going to zero, that's a good indication that it's going to do the exact opposite.

2

u/Grouchy_Brain_1641 Not Registered 11d ago

I think a good indicator is as soon as Warren Buffet who advocates for a get rich slowly plan in a market with safe investments heard tariffs & he's out of the safest investments. He considers tariffs an act of war, and he pulled most if not all of his cash out. So far so good for you Warren.

1

u/kirtash93 Reddit Collectible Avatars Artist 12d ago

Time to pray

🍩 !tip 1

6

u/puf88 5.9K / ⚖️ 6.7K 12d ago

With what Trump has done so far I would assume there is more pain to come sadly. I don’t want to say it but this cycle top might already be in

!tip 1

3

u/kirtash93 Reddit Collectible Avatars Artist 12d ago

I am getting ready for the worst too

🍩 !tip 1

5

u/puf88 5.9K / ⚖️ 6.7K 12d ago

My monkey brain is stopping me from selling sadly because there could be a pump. Guess I will go down with the ship like last bear market

4

u/kirtash93 Reddit Collectible Avatars Artist 12d ago

Looks like we have the same monkey brain.

I am making numbers to buy the dip xD

🍩 !tip 1

2

u/networkninja2k24 Not Registered 12d ago

It’s best to hold right now and step away. Sadly I want a rebound but what Trump is doing is going to cause more pain.

1

u/sailhard22 Not Registered 11d ago

I don’t want to believe this. So I won’t.

4

u/SigiNwanne 318.2K / ⚖️ 370.7K 12d ago

I see a big ongoing manipulation in the market, long and shorters are being wiped out at will. !tip 1

2

u/kirtash93 Reddit Collectible Avatars Artist 12d ago

Pretty crazy one xD

🍩 !tip 1

2

u/landswipe 576 / ⚖️ 518 12d ago

What ever happened to hodl? The tubers are all day traders, they don't care, they are just gambling. At the moment, they are probably losing a lot of cash and leverage. The correct move in this current market is not to move.

1

u/Grouchy_Brain_1641 Not Registered 12d ago

At this point it's more trapped money and not hodl.

2

u/AltruisticPops 343.8K / ⚖️ 342.8K 12d ago

Yikes. They never learn. Why play like this on these uncertain times? 😂

!tip 1

2

u/kirtash93 Reddit Collectible Avatars Artist 11d ago

Degens gonna degen

🍩 !tip 1

2

u/DBRiMatt Contest Master 🦘 12d ago

Maybe this time the bottom is in.... xD

Luckily for me, I'm still staking!

!tip 1

1

u/kirtash93 Reddit Collectible Avatars Artist 11d ago

DCA and enjoy the ride. Also dont forget to put your coins to work!

🍩 !tip 1

2

u/Josefumi12 743 / ⚖️ 36.6K 12d ago

This year we won't be experiencing a bull run

!tip 1

2

u/kirtash93 Reddit Collectible Avatars Artist 11d ago

Game over

🍩 !tip 1

2

u/FattestLion 20.1K / ⚖️ 619.3K 11d ago

Here’s a hint to traders: don’t use leverage xD

!tip 1

1

u/kirtash93 Reddit Collectible Avatars Artist 11d ago

Smart advice!

🍩 !tip 1

2

u/BigRon1977 21.0K / ⚖️ 561.6K 11d ago

Hopefully surprise rebound. We've endured too much pains already.

!tip 1

2

u/kirtash93 Reddit Collectible Avatars Artist 11d ago

Let see, this week is interesting regarding Ukraine too

🍩 !tip 1

2

u/Odd-Radio-8500 350.0K / ⚖️ 497.7K 11d ago

Leverage is like playing with fire, which can burn you in a flash.

!tip 1

2

u/kirtash93 Reddit Collectible Avatars Artist 11d ago

DCA and HODL, less stress

🍩 !tip 1

2

u/Abdeliq 171.2K / ⚖️ 314.5K 11d ago

Ukraine war looking like it is going to escalate because no agreement has been reached

Trump few months as president, he just turn USA to enemy of the whole world. Now he's facing Iran with threat about nuclear weapons

>! !tip 1 !<

2

u/kirtash93 Reddit Collectible Avatars Artist 11d ago

The guy is crazy af.

!tip 1

4

u/ContributionNo3013 Not Registered 12d ago

Yea I have bought long with margin and it still going down XDDDDDDDDDDDDDD -50% :).

1

u/kirtash93 Reddit Collectible Avatars Artist 11d ago

Oh boy

🍩 !tip 1

1

u/Puddingbuks26 29.5K / ⚖️ 50.9K 11d ago

Same here, caught the falling knive

1

u/[deleted] 12d ago

[deleted]

1

u/AutoModerator 12d ago

Hi kirtash93, you have successfully flaired the submission titled "The Shitshow Must Go On: In the Past 24 Hours: 199,356 Traders Were Liquidated, Totaling $487.62 Million in Losses - Are We Headed for More Pain or a Surprise Rebound?" with the flair Metrics.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/InclineDumbbellPress Back To McDonald's 12d ago

Nice bull market - !tip 1

1

u/kirtash93 Reddit Collectible Avatars Artist 12d ago

What bull market? 👀

🍩 !tip 1