🐋 Binance futures saw approximately $19.46 million in liquidations over the past hour, with long positions accounting for 96.2% ($18.72 million in longs / $747,000 in shorts). The largest liquidation was $ETH .
More long positions were liquidated, which usually points to a period of falling prices.
When a long position is liquidated, the system sells in the market to close it; when a short position is liquidated, the system buys to close it.
The often-mentioned “long squeeze” refers to a drop triggering liquidations of long positions, with the resulting sell orders pushing prices even lower. A “short squeeze” is when a rise triggers short liquidations, and covering those positions pushes prices higher.
Indicators can fail, so risk management is essential: deciding in advance what to do when your judgment is wrong matters more than whether your prediction is spot-on.
#ETH
More long positions were liquidated, which usually points to a period of falling prices.
When a long position is liquidated, the system sells in the market to close it; when a short position is liquidated, the system buys to close it.
The often-mentioned “long squeeze” refers to a drop triggering liquidations of long positions, with the resulting sell orders pushing prices even lower. A “short squeeze” is when a rise triggers short liquidations, and covering those positions pushes prices higher.
Indicators can fail, so risk management is essential: deciding in advance what to do when your judgment is wrong matters more than whether your prediction is spot-on.
#ETH