🐋 Over the past 4 hours, Binance futures liquidations totaled approximately $15.44 million. Long positions accounted for 71.6%, and the largest liquidation was $ETH ($2.52 million).
More long positions were liquidated, usually indicating a period of downward movement.
In isolated margin mode, a liquidation can at most wipe out the margin allocated to that position. In cross margin mode, your account balance may be used to cover the loss.
Liquidation amounts can show which side futures traders are more concentrated on, but they reflect what has already happened and can’t be used on their own to predict market movements.
Don’t change your pace because of a single number, and don’t use borrowed money to test a hunch.
#ETH
More long positions were liquidated, usually indicating a period of downward movement.
In isolated margin mode, a liquidation can at most wipe out the margin allocated to that position. In cross margin mode, your account balance may be used to cover the loss.
Liquidation amounts can show which side futures traders are more concentrated on, but they reflect what has already happened and can’t be used on their own to predict market movements.
Don’t change your pace because of a single number, and don’t use borrowed money to test a hunch.
#ETH