Jokes aside, during this bout of volatility in $SOL perpetual futures, a $1.19 million long position was liquidated.
This comedian’s rule: keep leverage low enough to sleep soundly, and set your defense levels more reliably than your wake-up alarm.
Seriously, Binance’s liquidation data is a sampled snapshot: for each contract, it pushes at most the latest update once per second, so the actual liquidation amount may be higher.
Sizing positions based on your stop-loss distance is far more reliable than just guessing.
This comedian’s rule: keep leverage low enough to sleep soundly, and set your defense levels more reliably than your wake-up alarm.
Seriously, Binance’s liquidation data is a sampled snapshot: for each contract, it pushes at most the latest update once per second, so the actual liquidation amount may be higher.
Sizing positions based on your stop-loss distance is far more reliable than just guessing.