Binance futures saw approximately $5.35 million in liquidations over the past hour, with long positions accounting for 97.4%. The largest liquidation was $BTC .
I used to find liquidation stats scary, but later I figured out that these amounts are the sum of the notional values of positions, not the actual losses. Also, Binance reports snapshots, with at most one update per trading pair per second, so the actual amounts are often higher.
Understanding the indicators isn't hard; the hard part is sticking to your plan when the market gets really volatile.
#BTC
Just my personal perspective; I may not be right, so take it with a grain of salt.
I used to find liquidation stats scary, but later I figured out that these amounts are the sum of the notional values of positions, not the actual losses. Also, Binance reports snapshots, with at most one update per trading pair per second, so the actual amounts are often higher.
Understanding the indicators isn't hard; the hard part is sticking to your plan when the market gets really volatile.
#BTC
Just my personal perspective; I may not be right, so take it with a grain of salt.