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292 sats \ 2 replies \ @ethanrose 19 Jun 2022 freebie \ parent \ on: Cascading Liquidations Send Bitcoin Below $18,000 As Daisy-Chained Margin Call Contagion Sparks Record Selling. bitcoin
I had 4 BTC liquidated by Nexo today, just barely touched the LTV :-( I "sold" even though I never would have dreamed of selling if it was up to me / if I was willing to post more collateral. But I'll buy them back soon...
I believe a good chunk of the downward pressure was likely from people in similar situations to mine -- bitcoin hyper bulls who got forced to sell.
God damn!!
Have some ascii porn. Good luck!
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