When Traders Hit Rock Bottom: Understanding "Rekt" in Crypto
Ever watched someone lose everything in a single trade? That's what the crypto community calls getting "rekt." What started as internet slang for being defeated or destroyed has evolved into the essential vocabulary of blockchain traders who live on the edge of leverage and liquidation.
**The Anatomy of Getting Rekt**
Picture this: Bob opens a massive leveraged long position on margin, betting the market will rally. Then it doesn't. As prices plummet, his position gets liquidated in seconds. His entire stake vanishes. In crypto parla
Ever watched someone lose everything in a single trade? That's what the crypto community calls getting "rekt." What started as internet slang for being defeated or destroyed has evolved into the essential vocabulary of blockchain traders who live on the edge of leverage and liquidation.
**The Anatomy of Getting Rekt**
Picture this: Bob opens a massive leveraged long position on margin, betting the market will rally. Then it doesn't. As prices plummet, his position gets liquidated in seconds. His entire stake vanishes. In crypto parla