In this round of volatility in the $BTC perpetual contract, there was a long liquidation of $1.65 million, with the price around 82533.69.
Using this figure to talk about liquidations.
When a long position is liquidated, the system will close it by selling at market price; when a short position is liquidated, the system will buy to close.
What is often called a "long squeeze" refers to a drop triggering long liquidations, with the liquidation sell orders pushing prices lower; a "short squeeze" refers to a rise forcing short liquidations, with buybacks pushing prices higher.
Any data is only describing past price movements, and the market may very well move in the opposite direction.
#BTC
Take a rational view and control your position size.
Using this figure to talk about liquidations.
When a long position is liquidated, the system will close it by selling at market price; when a short position is liquidated, the system will buy to close.
What is often called a "long squeeze" refers to a drop triggering long liquidations, with the liquidation sell orders pushing prices lower; a "short squeeze" refers to a rise forcing short liquidations, with buybacks pushing prices higher.
Any data is only describing past price movements, and the market may very well move in the opposite direction.
#BTC
Take a rational view and control your position size.