Binance futures liquidations totaled $2.91 million in the past hour | Longs accounted for 75.8% | $MAGIC ranked first
Before tracking fund flows, first understand liquidations.
When prices surge or plunge, liquidations often occur in clusters: one batch of positions gets liquidated, pushing prices further and triggering the next batch.
When liquidation volumes are high, market sentiment is often at an extreme too. Impulsive orders at such times can easily mean chasing the market at its most volatile.
Don’t change your pace based on a single number, and don’t use borrowed money to test a reading.
#MAGIC
Markets can change in an instant. Don’t rush to conclusions.
Before tracking fund flows, first understand liquidations.
When prices surge or plunge, liquidations often occur in clusters: one batch of positions gets liquidated, pushing prices further and triggering the next batch.
When liquidation volumes are high, market sentiment is often at an extreme too. Impulsive orders at such times can easily mean chasing the market at its most volatile.
Don’t change your pace based on a single number, and don’t use borrowed money to test a reading.
#MAGIC
Markets can change in an instant. Don’t rush to conclusions.