Technical note | $114 million in Binance futures liquidations over the past 4 hours | Long positions account for 85.2% | $BTC ranks first
First, a definition: When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys to close it.
Next, how to read it: Price levels where liquidations cluster are often later treated as potential short-term support or resistance, but whether they come into play depends on subsequent buying and selling.
Don’t let a particular number disrupt your original plan, and don’t gamble on a prediction with borrowed money.
#BTC
First, a definition: When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys to close it.
Next, how to read it: Price levels where liquidations cluster are often later treated as potential short-term support or resistance, but whether they come into play depends on subsequent buying and selling.
Don’t let a particular number disrupt your original plan, and don’t gamble on a prediction with borrowed money.
#BTC