From a positioning perspective: Over the past hour, Binance futures liquidations totaled $4.66 million, mostly from long positions (92%).
Price levels with concentrated liquidations are often a source of liquidity for major players: to enter or exit large positions, they need others to be forced to trade. $ARC saw the most liquidations ($1.18 million); watch for large orders entering in the opposite direction after its liquidation.
#ARC
Price levels with concentrated liquidations are often a source of liquidity for major players: to enter or exit large positions, they need others to be forced to trade. $ARC saw the most liquidations ($1.18 million); watch for large orders entering in the opposite direction after its liquidation.
#ARC