Binance futures liquidations totaled approximately $12.83 million over the past hour, with long positions accounting for 7%. The largest liquidation was $ZEC ($6.28 million).
When I first saw liquidation figures, I just found them shocking. It took me a while to understand: a high volume of long liquidations usually happens during a downturn, while short liquidations make up the bulk during an upswing. These figures show liquidations over the past period, not a prediction of what comes next.
Don’t chase trades during the most volatile few minutes. Wait for prices to stabilize before deciding.
#ZEC
When I first saw liquidation figures, I just found them shocking. It took me a while to understand: a high volume of long liquidations usually happens during a downturn, while short liquidations make up the bulk during an upswing. These figures show liquidations over the past period, not a prediction of what comes next.
Don’t chase trades during the most volatile few minutes. Wait for prices to stabilize before deciding.
#ZEC