99% of the positions liquidated in the past hour were longs. Account $BTC alone lost $16.72 million to liquidations. Much of the drop below $82,000 was probably driven by leveraged longs getting squeezed.
A quick note: liquidations aren’t the market targeting you. They happen when your margin, after unrealized losses, falls below the maintenance margin requirement, and the exchange closes your position according to the rules. Before opening a position, I usually check the liquidation price first, then work backward to figure out the leverage and position size to use—not jump in and pray.
Do you check the liquidation price before placing an order?
#BitcoinOptionsVolatilityHitsFiveYearLow
#BTC
Just my personal observations, not investment advice.
A quick note: liquidations aren’t the market targeting you. They happen when your margin, after unrealized losses, falls below the maintenance margin requirement, and the exchange closes your position according to the rules. Before opening a position, I usually check the liquidation price first, then work backward to figure out the leverage and position size to use—not jump in and pray.
Do you check the liquidation price before placing an order?
#BitcoinOptionsVolatilityHitsFiveYearLow
#BTC
Just my personal observations, not investment advice.