Over the past hour, approximately $32.77 million in Binance futures positions were liquidated. Long positions accounted for 93.3% ($30.58 million in longs / $2.19 million in shorts), with $ETH ranked first.
Let's talk about what lies behind this number.
The higher the leverage, the closer the liquidation price is to the entry price: the market doesn't have to move much for a position to be liquidated.
Price levels where liquidations cluster are often treated afterward as short-term support or resistance, but whether they hold depends on subsequent buying and selling.
All data summarize past market movements; prices can turn in the opposite direction at any time.
#ETH
Let's talk about what lies behind this number.
The higher the leverage, the closer the liquidation price is to the entry price: the market doesn't have to move much for a position to be liquidated.
Price levels where liquidations cluster are often treated afterward as short-term support or resistance, but whether they hold depends on subsequent buying and selling.
All data summarize past market movements; prices can turn in the opposite direction at any time.
#ETH