Over the past hour, Binance futures liquidations totaled approximately $2.57 million. Longs accounted for 33.8% ($869,000 in long liquidations / $1.7 million in short liquidations). The largest liquidation was $ZEC .
How is this figure calculated?
These amounts are based on the notional value of positions, not the actual money lost. With isolated margin, when a 10x leveraged position is liquidated, the loss is roughly 10% of the notional value in margin.
A cluster of liquidations means leverage on that side is being flushed out. Some believe volatility may ease temporarily once that’s over, but this isn’t a rule.
Avoid placing orders during the most volatile few minutes. Wait for the price to finish moving before deciding.
#ZEC
How is this figure calculated?
These amounts are based on the notional value of positions, not the actual money lost. With isolated margin, when a 10x leveraged position is liquidated, the loss is roughly 10% of the notional value in margin.
A cluster of liquidations means leverage on that side is being flushed out. Some believe volatility may ease temporarily once that’s over, but this isn’t a rule.
Avoid placing orders during the most volatile few minutes. Wait for the price to finish moving before deciding.
#ZEC