Money
Lark Davis alleges South Korea saw mass margin liquidations and heavy losses
Lark Davis
They Got Called … (Crypto Holders Pay Attention)
""South Korea's margin trading blood bath. 1.2 million accounts hit margin calls. 360,000 forcibly liquidated. 34 trillion Juan wiped out in one month.""
Lark Davis alleges South Korea has seen a surge in margin calls and forced liquidations, citing 1.2 million accounts affected and 360,000 liquidated, with 34 trillion won lost in a month. He argues the sell-off reflects an unwinding of leverage and says this sort of capitulation can occur nearer market bottoms than at the start of a downturn.
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Lark Davis