It’s crazy how one big drop can trigger so many forced sell offs and make the whole market crash even harder. The examples from 2021 and the FTX collapse really show how dangerous high leverage can be. It’s a good lesson for anyone trading crypto , don’t risk more than you can afford to lose.
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Perps are pretty amazing.
Once you studyt them and realize how bug the Perps market is, it is bigger then the spot market, so the liquidations are going to occur frequently