Technical Note | $BTC | $5.93 million in long-position liquidations
Definition: The higher the leverage, the closer the liquidation price is to the entry price. The price doesn’t need to move very far for a position to be liquidated.
How to interpret this: Even a large liquidation in a single trade doesn’t necessarily change the direction of a major cryptocurrency. It mainly indicates that the market was moving quickly at that moment.
Before trading with leverage, first consider whether you can bear the worst-case outcome, then think about what the signal is saying.
#BTC
Definition: The higher the leverage, the closer the liquidation price is to the entry price. The price doesn’t need to move very far for a position to be liquidated.
How to interpret this: Even a large liquidation in a single trade doesn’t necessarily change the direction of a major cryptocurrency. It mainly indicates that the market was moving quickly at that moment.
Before trading with leverage, first consider whether you can bear the worst-case outcome, then think about what the signal is saying.
#BTC