been a graphic designer, art director, creative director, executive cd, creative partner and all that stuff, finally found what I was looking for #crypto#nft
Everyone is talking about the $19B in crypto liquidations, the biggest ever in dollar terms, but context matters:
Back in March 2020 during the COVID crash, about $1.2B in positions were liquidated when the total market cap was only around $150B, that’s roughly 0.8% of the entire market gone overnight.
During the FTX collapse in November 2022, around $1.6B was liquidated out of an $800B market, about 0.2%.
Yesterday’s event saw $19.1B liquidated while the market cap sits near $3.9T, roughly 0.5%.
So yes, this was the largest liquidation ever in dollar value, but not the biggest crash in percentage terms. The 2020 COVID meltdown was still worse relative to market size.
The takeaway, leverage was extreme, but the market is now deep and resilient enough to absorb record liquidations without collapsing. Also the way these people write the headlines is misleading, you cannot just look at $ value.
Finally on the right side of market... Took me some time to learn. Thanks to @ChartChampions & @CCPool_Daniel I know that could be better but I was asleep and the trade simply hit my TP2 and TP3
I just joined @PostTechSoFi to trade profiles & posts and earn $ETH! 🚀
My codes:
1️⃣ pt-xivjyjxk4l
2️⃣ pt-nhdywabidq
3️⃣ pt-lljzqkcd8u
Check out https://t.co/WKXE99z5AP and sign up with me today!
#PostTech#link412322
Overwhelmed with gratitude as I now have 79 unique collectors on ETH🤯
Your support has transformed my creative journey & allowed me to focus on my passion full-time 🙏. Couldn't imagine a better life!
I promise to keep creating vibrant animations to entertain & bring joy.
You want your panda with you at all times???...
go to our discord now and look in mini announcements
one of our rare bear members is doing wallpapers for all devices for the community....