Binance futures saw approximately $2.3 million in liquidations over the past hour, with long positions accounting for 62.7%. The largest liquidation was $ETH ($564,000).
Let’s break down the liquidation data based on these figures.
The liquidation data pushed by Binance consists of sampled snapshots: for each trading pair, at most one liquidation is reported per second, so the actual liquidation amount may be higher.
A large single liquidation doesn’t necessarily affect the direction of major cryptocurrencies; it mainly reflects how quickly the market was moving at the time.
All the data describes market movements that have already occurred, and prices could just as easily move in the opposite direction.
Let’s break down the liquidation data based on these figures.
The liquidation data pushed by Binance consists of sampled snapshots: for each trading pair, at most one liquidation is reported per second, so the actual liquidation amount may be higher.
A large single liquidation doesn’t necessarily affect the direction of major cryptocurrencies; it mainly reflects how quickly the market was moving at the time.
All the data describes market movements that have already occurred, and prices could just as easily move in the opposite direction.