Binance futures liquidations totaled about $32.77 million over the past hour, with long positions accounting for 93.3%. The largest was $ETH ($6.94 million).
Let’s use this data as a starting point to talk about liquidations.
Binance’s liquidation feed is a snapshot: for each contract, it sends at most one update per second—the latest one. The actual liquidation amount may be higher.
When you see large liquidations, rather than guessing which way the market will move next, first check how close your position is to its liquidation price.
Knowing how to read indicators isn’t hard. The hard part is sticking to your plan when emotions are at their most intense.
#ETH
Let’s use this data as a starting point to talk about liquidations.
Binance’s liquidation feed is a snapshot: for each contract, it sends at most one update per second—the latest one. The actual liquidation amount may be higher.
When you see large liquidations, rather than guessing which way the market will move next, first check how close your position is to its liquidation price.
Knowing how to read indicators isn’t hard. The hard part is sticking to your plan when emotions are at their most intense.
#ETH