Real Losses Were Much Lower Than $19B Despite Massive Crypto Liquidations
Expanding on his comments, Udi Wertheimer explained that many traders were misunderstanding the meaning of large-scale liquidations. “You have $100 in your account and open a $2,000 long position. If that position gets liquidated, you only lose your $100—not $2,000,” he said. “People seem to think $19 billion in liquidations means $19 billion in real…