SOL - 'I'm Liquidated Again ... Bye For Good:' Mad Crypto Alpha With Ivan | Benzinga

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I'm Ivan and welcome to my weekly column Mad Crypto Alpha.

Some people want to build the "future of finance," but I just want to help you make money in crypto.

Each Sunday, you get weekly insights the news does not cover but you need to know about.

So you're not just entertained by crypto but get the alpha behind the story.

In this week's issue:

• Who got liquidated again and why?
• What is the right investment mindset?
• What should you expect from the market?

I’m Liquidated Again … Says Guy Who Swore Off Leverage In January

Here we go again with Tarded Degen Gambler:

By his own account, he went from $340,000 to $70,000 in one week.

Back in January, Mr. Degen Gambler had already lost $250,000 and had sworn off leverage after getting a hairdryer treatment from PC Principal (…”stop being a f–ng gambler and start acting like an adult.”).

He went on a 2.5X leverage long on Solana (CRYPTO: SOL) with “literally every single cent” at an average price of $172 and a position size of $700,000.

Lo and behold, on Saturday evening, Iran decided it was time to retaliate against Israel and altcoins decided it was time to retaliate against over-leveraged traders, sending Solana as low as $125 and the position of our protagonist to zero.

He was ...

Full story available on Benzinga.com