In the past 4 hours, Binance futures liquidations totaled approximately $7.81 million. Long positions accounted for 15.4% ($1.2 million in longs / $6.61 million in shorts). The top one was $BTC .
A question every beginner asks: How do liquidations happen?
In isolated margin mode, you can lose at most the margin allocated to that position. In cross margin mode, all the margin in your account is used to absorb the loss.
My hard-and-fast rule: Keep positions small enough to sleep well, and set stop-losses more reliably than my alarm clock.
Don’t let a single indicator throw off your rhythm, and never gamble with borrowed money based on a hunch.
#BTC
A question every beginner asks: How do liquidations happen?
In isolated margin mode, you can lose at most the margin allocated to that position. In cross margin mode, all the margin in your account is used to absorb the loss.
My hard-and-fast rule: Keep positions small enough to sleep well, and set stop-losses more reliably than my alarm clock.
Don’t let a single indicator throw off your rhythm, and never gamble with borrowed money based on a hunch.
#BTC
