Binance futures liquidations totaled about $8.28 million over the past 4 hours. Long positions accounted for 50.2% ($4.16 million in longs / $4.12 million in shorts), and the largest liquidation was $BTC .
How is this figure calculated?
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.
The risk of leveraged trading is that even if you're ultimately right about the direction, price fluctuations along the way could liquidate your position first.
Leave yourself more room when trading futures—don't let a single wick wipe out your position.
#BTC
How is this figure calculated?
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.
The risk of leveraged trading is that even if you're ultimately right about the direction, price fluctuations along the way could liquidate your position first.
Leave yourself more room when trading futures—don't let a single wick wipe out your position.
#BTC