Jokes aside, Binance futures saw about $15.44 million in liquidations over the past 4 hours. Long positions accounted for 71.6%, the largest share, at $ETH .
My rule for myself: keep your position size small enough to sleep well, and make your stop-loss more reliable than your alarm clock.
For a bit of serious education: mass liquidations of long positions create additional selling pressure, while mass liquidations of short positions create buying pressure. That’s how cascading liquidations amplify market moves.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then see what the signals are saying.
#ETH
My rule for myself: keep your position size small enough to sleep well, and make your stop-loss more reliable than your alarm clock.
For a bit of serious education: mass liquidations of long positions create additional selling pressure, while mass liquidations of short positions create buying pressure. That’s how cascading liquidations amplify market moves.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then see what the signals are saying.
#ETH