🗂️ In the past hour, about $2.13 million worth of Binance futures positions were liquidated. Long positions accounted for 88.5%, the largest share. The top liquidation was $ETH ($405,000).
[One-minute explainer] How does liquidation happen?
These amounts are based on the notional value of positions, not the actual amount lost: with isolated margin, a liquidated position using 10x leverage loses roughly 10% of its notional value in margin.
Calculating position size based on the stop-loss distance is much more reliable than picking one on a whim.
[One-minute explainer] How does liquidation happen?
These amounts are based on the notional value of positions, not the actual amount lost: with isolated margin, a liquidated position using 10x leverage loses roughly 10% of its notional value in margin.
Calculating position size based on the stop-loss distance is much more reliable than picking one on a whim.