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"Pull-Back" occurs when there is a decline in price after a period of strong upward movement in price.
This past week, Bitcoin had pumped up to over $48k which led many investors to setup leveraged long positions. In the past few days, Bitcoin's price has dropped to $40k which triggered $430M in liquidations on those long positions.
Just a friendly reminder to always use caution when using leverage.
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November 21, 2023
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