Binance futures liquidations totaled $3.44 million over the past hour, with long positions accounting for 81.9%; $BTC saw the greatest concentration.
Liquidation data can show which side is crowded with leverage: this time, leveraged traders trying to buy the dip were mainly flushed out, so the long side should be less crowded afterward.
Liquidation data can show which side is crowded with leverage: this time, leveraged traders trying to buy the dip were mainly flushed out, so the long side should be less crowded afterward.