Over the past 4 hours, $10 million in Binance futures positions were liquidated. Longs accounted for 77.2%, with $ETH seeing the most liquidations.
Liquidation data can show which side is crowded with leverage: this time, leveraged dip-buyers were mainly flushed out, so the long side should be less crowded after the shakeout.
#ETH
Liquidation data can show which side is crowded with leverage: this time, leveraged dip-buyers were mainly flushed out, so the long side should be less crowded after the shakeout.
#ETH