Over the past hour, $2.06 million in Binance futures positions were liquidated. Short positions made up the majority, with the biggest concentration at $ETH .
Liquidation data can show which side is crowded with leverage. This time, leveraged traders chasing shorts were mostly flushed out, often after a sharp price spike.
Liquidation data can show which side is crowded with leverage. This time, leveraged traders chasing shorts were mostly flushed out, often after a sharp price spike.