According to AltcoinGordon, over $200 million was liquidated across crypto markets in the last hour, highlighting extreme volatility and the dangers of leveraged perpetual trading without a solid strategy (source: twitter.com/AltcoinGordon). Such mass liquidations often trigger sharp price swings in major assets like BTC and ETH, creating both risks and buying opportunities for disciplined traders. This event underscores the need for risk management and can serve as an entry point for investors positioned to capitalize on market overreactions.

According to @yanboobo, experiencing a rug pull in PVP investments is considered an essential learning experience for investors, highlighting the inherent risks involved in such speculative markets.