Pretty much. Most exchanges will automatically sell your position at market price if you reach a certain percentage of margin. That how you get the massive dips

Pretty much. Most exchanges will automatically sell your position at market price if you reach a certain percentage of margin. That how you get the massive dips that get bought very quickly. You have tens of thousands of Bitcoin being sold at market price. It causes a domino effect across the whole crypto market because people are using leverage to buy any coin even shitcoins like Doge and Shib.