This is a short excerpt from a YouTube video titled "Leverage and Liquidation Events" (creator: Kosta Ouzas) describing a recent market move in which leveraged long positions were liquidated. The speaker narrates that 5x and 10x leveraged positions were taken out during a substantial liquidation event and that the market subsequently reversed direction.
And we had the long side. Liquidity was being taken. I'm going to back out to three so you can get a little bit better picture. And they basically took out, liquidated all the 5x25x and 10x100x50x. So that's gone. And then once we hit this low, we begin to reverse and go the other direction. So. And that's been very powerful. As you can see right here, we made a substantial liquidation event.
