Retail traders become 'sitting ducks' as sell-off triggers $1.4B liquidation

Retail traders become 'sitting ducks' as sell-off triggers $1.4B liquidation

Retail traders have been using high leverage throughout the current bull market, but that's not the real reason for today's marketwide sell-off. After flirting with a $2 trillion market capitalization for the last couple of days, the cryptocurrency market took a 7% hit on April 7, dropping the total crypto market cap to $1.8 trillion. As the unexpected sell-off took place, investors scrambled to find a reason to explain the move.Analysts typically identify the use of excessive leverage as the prime suspect, as this usually occurs as the market reaches an all-time high and traders get....

Related News

Bitcoin duck!

Tired of reading so much about Bitcoin and other cryptocurrencies? Here is something that is fun and has to do just a little bit with Bitcoin. Duck Race comes to Budapest, Hungary for the first time. Since our headquarters is here we thought that we will enter our bitcoin duck. What is duck racing? Rubber duck races has a history. Since 1988, GAME has helped raise over $280 million with the Derby Duck® races with plans to spread the “quacktacular” fun around the world. It is a great event for everyone. You can have fun and help to raise funds for charities. The event has already took place....

Dragon’s Tale – Feed the Ducks and Get Rewarded

Dragon’s Tale is an online Bitcoin Casino offering gamblers a new approach to gambling. In this Casino, gamblers can find a 3D virtual world with lots and lots of original casino-based mini-games. There are many casinos in the Bitcoin gambling industry but none of them offers the same as Dragons Tale does. In Dragon’s Tale Virtual world players will be able to select an avatar and complete quests by playing casino fun games. One of these amazing games is the Duck Pond. The duck Pond or Duck Feeding game is one of the many casino-based mini-games that you can find in the wonderful virtual....

Bitcoin Sell-Off Triggers Classic Bearish Reversal Pattern; $20K Next?

An overnight sell-off in the Bitcoin market Monday brought its prices down from an intraday high of $34,888 to as low as $31,435.

A “TD9” Sell Indicator Triggers For XRP After 6 Weeks of Stagnance

XRP continues to lag behind the rest of the market after a short-lived glimmer of hope brought prices to current levels in late July. And while crypto analysts expect the fourth-ranked cryptocurrency to outperform Bitcoin and Ethereum eventually, a sell setup has triggered on daily timeframes that could send Ripple ripping lower. TD 9 Sell […]

Sell Setup Triggers On Ethereum Following Monster 50% Two-Day Surge

In just 48 hours, Ethereum rocketed over 50% from $770 to roughly $1140 at last night’s overnight high. The massive Sunday candle was the lead up to a sell signal forming on daily timeframes. Was this latest push higher the last impulse in Ethereum’s bull trend? Or like Bitcoin, will this sell signal fail, and […]