Over the past hour, Binance Futures saw $2.5 million in liquidations: $1.3 million in long positions (52.1%) and $1.2 million in short positions.
After the liquidations, I’ll look at three things:
① Who got liquidated: both longs and shorts, so it was a shakeout in both directions;
② The largest concentration was at $BTC ($518,000); volatility following that level is usually the greatest;
③ Whether open interest also fell: a drop means positions were actually cleared out, while little change means new positions are entering.
In the short term, sentiment usually takes a hit on the side with more liquidations.
#BTC
After the liquidations, I’ll look at three things:
① Who got liquidated: both longs and shorts, so it was a shakeout in both directions;
② The largest concentration was at $BTC ($518,000); volatility following that level is usually the greatest;
③ Whether open interest also fell: a drop means positions were actually cleared out, while little change means new positions are entering.
In the short term, sentiment usually takes a hit on the side with more liquidations.
#BTC