Market Notes | $4.72 million liquidated on Binance futures over the past 4 hours | Longs accounted for 51.9% | $MAGIC led
Definition: A wave of long liquidations adds selling pressure, while a wave of short liquidations creates buying pressure. This is how cascading liquidations amplify market moves.
How to read this: A large individual liquidation may not change the direction of a major coin; it more often indicates that the market was moving quickly at that moment.
The indicator may be inaccurate, but risk management should never be overlooked: deciding in advance what to do if your judgment is wrong matters more than guessing correctly.
#MAGIC
This is not investment advice. You assume all risks.
Definition: A wave of long liquidations adds selling pressure, while a wave of short liquidations creates buying pressure. This is how cascading liquidations amplify market moves.
How to read this: A large individual liquidation may not change the direction of a major coin; it more often indicates that the market was moving quickly at that moment.
The indicator may be inaccurate, but risk management should never be overlooked: deciding in advance what to do if your judgment is wrong matters more than guessing correctly.
#MAGIC
This is not investment advice. You assume all risks.