Market just flushed $100M in longs, how are you positioning now?
Just saw over $100M in crypto longs wiped in under an hour, with BTC dipping back below $90k. Classic leverage reset. We’ve seen this movie before.
Moments like this usually split traders into two camps:
– those chasing the next bounce
– those stepping back to think in timeframes, not minutes
Personally, I’m leaning more toward the second approach lately. Instead of reacting to intraday volatility, I’m focusing on where conviction actually lies over the next cycle especially for ETH.
Interesting timing because BingX just launched their first Prediction Market, centered on a longer-term question:
Can ETH return to and stay above $3,500 USDT by Jan 2026?
It’s not leverage-based. You earn prediction entries through normal spot trading, and if your side is right, winners share a $30,000 ETH pool, plus BingX shards (used for future platform rewards).
Not saying this replaces trading, but in weeks like this when leverage gets punished fast it feels healthier to express a thesis without fighting every candle.
Curious how others here are navigating this volatility. Are you still trading short-term, or zooming out after this flush?
