🗒️ Binance futures liquidations totaled about $12.83 million over the past hour, with long positions accounting for 7%. The largest was $ZEC .
【Term explained】What is liquidation?
In isolated margin mode, liquidation only costs you the margin allocated to that position. In cross margin mode, your entire account balance can be used to cover losses.
Liquidation amounts can show which side of the futures market is more crowded, but they’re calculated after the fact and can’t be used on their own to predict market direction.
Avoid placing orders during the few minutes of highest volatility. Wait for the price action to play out before deciding.
【Term explained】What is liquidation?
In isolated margin mode, liquidation only costs you the margin allocated to that position. In cross margin mode, your entire account balance can be used to cover losses.
Liquidation amounts can show which side of the futures market is more crowded, but they’re calculated after the fact and can’t be used on their own to predict market direction.
Avoid placing orders during the few minutes of highest volatility. Wait for the price action to play out before deciding.