Long Traders Got Wrecked

Today was brutal for crypto, with almost everything dropping by 20% in no time. A ton of long traders got liquidated, including me; I lost all my recent and older long positions. Apparently, over a billion dollars got wiped out in total. My losses were just a drop in the ocean. Honestly, I've been through so many liquidations that I just laugh off the losses of the big players instead of feeling sorry for myself. I've decided to take a break from crypto for at least a month before even considering buying the dip.

How come you didn't close your position after what happened with the stocks last week? Bitcoin (and crypto) showed some resilience in the 81-83K. It's bad enough for spot traders, let alone for those who use leverage. Here's a site you can use to track liquidations (currently sitting at 1.3B): https://www.coinglass.com/LiquidationData Although I have seen some people saying that it's usually more than the amounts reported on that link because exchanges don't report them right away, not sure how accurate is that.

Some win, some lose..  that's just how it works. Honestly, this pullback was expected after Bitcoin struggled for weeks to break resistance at the $89,000 level. Now we're finally seeing the dump, and if I'm not mistaken, this might be the first 'lower low' of the year... and it probably won't stop here. Personally, I'm glad I avoided future trades. My strategy is simple, and that is long-term holding. With prices now dipping, I'm actually considering accumulating more to increase my position.

I like traders that know when to stop trading for a while. If it is bitcoin that you are trading and you used low leverage, you will not be liquidated. But unrealized loss is not something easy also. Some people are seeing this as an opportunity to buy more. I did not sell before I slept yesterday and I was losing $5 when I woke up but I am losing $0.5 now. I believe bitcoin will still increase a little and I will gain a little. People also need to learn how to DCA. It requires patience and being able to be contented with small earning at times. But it would be of big earning in time like this.

I thought the day before yesterday was the fall and market would stabilize now. I was probably greedy of taping the dip that I didn't set a stop loss and I was unlucky. Both of Solana and SUI dropped till my liquidation price and bounced back. 4 of my positions were started just this week and all of them are gone including two old ones. Now its time for a fresh start for me. I'd now use stop loss without fail and see where the market leads me.

I am sorry for their losses but people lost money through market crash and position liquidations either did not know about liquidation risk or ignored this risk. Generally, they deserved with their losses and it's shame on them by did not learn properly or listen to vital advice enough. They already lost, paid high cost, but they can calm down, learn from this mistake and losses through liquidations, as big motivation for their severe learning and more careful practice in future. If they trade again, don't use leverage and futures trading, and it's first practice to show off they already learned well from this terrible lesson. More data on what happened. https://www.coinglass.com/pro/futures/LiquidationCountHeatMap https://www.coinglass.com/pro/futures/Liquidations Data on current gamblers with leverages and waiting time for profit, loss or liquidation in future. https://www.coinglass.com/pro/futures/LiquidationMap

The issue with people is that they are blind followers instead of being true investors, they often think they can behave like the maxis. Even many of the so-called maxis here must have liquidated but still preaching what they believe people want to hear to appreciate them. My first warning was on altcoins here, the preservation of our funds must come first. No matter how inexperienced the investor is, the chart pattern should be a guide, and in anything we do, we should not joke with the weekly and monthly charts. Many would just say Bitcoin would rise but can't give a good reason, talk is cheap, conditions must be fulfilled before you take a side. However, the last guide with conditions that I gave was here. The market eventually opted for the southside, so I guess this is a fire he still dared!

The best way when the market is like this is to leave the trading activity, take a break while re-arranging the strategy and come back when you are ready, that's what I always do and a decline like this usually I will shift focus to long term investment by enlarging the bitcoin portfolio, if it does not generate profit in trading then I still have hope in my long term investment.

Greed will take our money without left. I realize that and also experienced like you. This bloody market made me hold for a while and not trade because I feel this situation will still continue. But I only buy small amount of Bitcoin to continue my investment so this red market give me benefit besides of loss. Maybe you need to take a rest to calm down your emotions after your losses because it is not good to continue trading after your loss.

This is the amount of money that got liquidated just today: By the time I'm making this post, the whole crypto market is making a bit pump and Bitcoin from just $76,000 a few hours ago is now at $78,000 already. RIP long traders? Maybe, but only for those who are considering LIQUIDATION as their STOP-LOSS, but for traders out there that know how to manage their risk, they always have a stop-loss based on their risk appetite. I mean a few minutes from now, if you entered a long position, you might end up making money because the market has pumped already by at least a bit. As for laughing for losing, if you've been experiencing consistent loss, there will be a time where losing money will just be a normal thing for you. I had that kind of experience in gambling that's why now, instead of dwelling on my loss, I'll just simply move on from it. I hope many here didn't make unnecessary decisions. I hope many here didn't panicked, and did nothing. I believe that all of us here are intelligent investors, so I expect that many here took the opportunity to buy even more cryptocurrencies.

Unbelievable how market crash suddenly with bitcoin dump almost 10% and most of altcoin huge significant downtrend more than 20% make many future trader have liquidated. Bad for long position trader because most of them almost got liquidated if have small margin fund and maximum leverage using for future trading, but in other side give advantage for short position trader due how significant downtrend give them to earn much profit including maximum leverage. I don't think bad ideas if stay away from cryptocurrency during market have reached support price and easily to earn much profitable if trading at any top altcoin, you can check with Ethereum price recovery after going down to $1,4k and without 24 hours after most lower price success recovering and recently Ethereum have break out to $1,570. You can earn much profitable if open long position for Ethereum coin as easily how many trader before got liquidated.

Honestly, anyone who knew what was going on with the trump reciprocal tariff war and then the subsequent bloodbath in the stock markets  would also assume the same would spread to crypto and therefore close their positions or open short positions. Personally, when I saw the stock markets going crazy, I stopped my spot trades. I converted everything I had to USDT... Yep, I didn't have the balls to short because I would have enough screen time, but I should have. It was worth it.

This is why I don't get into futures when the market is so volatile. With all of the news and echoes of the tariff here and there, it's making every short and long positions at risk. Call me scared but I'm scared to take short or long at this moment. It's better to wait to calm the storm than to go on it at this time.

I bought some bitcoins today when I saw the price had dropped to 70K euro and am not looking at my wallets today. It's really a tough time to be in crypto and also stocks and even PMs. My treasury bonds are the only thing that is going up.

I was surprised with the way bitcoin price dumped, I knew lots of people will be affected by the dump, I didn’t really see the dump coming. Lots of future traders will be liquidated, most especially the ones that don’t make use of stop loss, the dump was so sharp, and coins were crashed. I also got affected, but I don’t trade futures, all my trades are in spot, so all I will have to do is just to hold, am sure with time the prices will bounce back. I saw a news that some people committed suicide just because of the dump that happened, people like this are the ones that trade with so much amount of money, some people do take loan just to trade, and won’t have any other means to pay back the loan, and all the money is gone, some will think committing suicide is just the only option left. When trading, we are suppose to be careful always, don’t trade with any amount you can’t afford to loss, if you are not always online to monitor your trades, then it’s just better to make use of stop loss. Also if you are not a professional yet, stay away from future trading, you can also make money from spot trading which is less risky.

Don't you see any connection between Trump's statements and the dump on the stock and cryptocurrency exchanges? I think that Trump's next statement on the suspension of trade duties will be enough, and the market may grow by 10-15% on such news.

I also saw the news of the liquidation and I was wondering how much some people may have lost to this dip. I don’t know of a site existing that you can track liquidations before it happen, that will be a great tool for traders most times. I am used to seeing news of liquidation when the market goes in a certain direction printing long candles of continuous one direction on the chart. The market was looking like all set for a bullish rally but unfortunately, it all came crashing down once again. It is good you want to take a break in trading for now, the market is not settled for traders with little income that can’t withstand liquidation and still fund again. Wait for things to get on track once again and try again.

There's only two possible way on which neither going up or down, this is the main reason on why i dont hold up a position for long specially if its already that green or having that significant gain on which i would definitely be that securing out those gains and finding up an opportunity to buyback if ever it would be making out some correction. I might be able to missed out that bigger profits but at least i have already some USDT reserve if ever there would be corrections. The only issue on here is on the moment that you've seen the price do pumps up and seeing your account that being sold too early then it will be having that kind of frustration on which this is something which is that very common reaction. Liquidation is always that just like an ordinary story here on this space or even into those traditional markets.

Yeah, it was the ripple effect after the reciprocal traffic and trade policies that came into effect in April 5th. Stock markets took the first blow, while crypto markets seems stable after first. Anyone trading crypto had a chance to react or put up some risk management measures. Regardless, I think the market (crypto) is going to stabilize in the next few days or weeks when the dust finally settles down, and I believe not all long traders were affected especially those who used lower leverage to open their Long positions

I'm not actually trading on an amount that I can't afford to lose, so it's not bothering me at all when my trade never end up in profits. I've learned that winning can never be guaranteed at times no matter how positive your trades are. So losing at this moment is somehow I also expect, especially that the market has become highly unstable in these past few days. Good thing I prefer to hold more than trade.