Technical Note | $8.83 million in Binance futures liquidations over the past 4 hours | Long positions accounted for 23.9% | $BTC ranked first
Definition: Mass liquidations of long positions create additional selling pressure, while mass liquidations of short positions create additional buying pressure. This is how cascading liquidations amplify volatility.
How to read this: A large liquidation amount does not necessarily change the trend for major cryptocurrencies; it mainly reflects how quickly the market was moving at that moment.
Several indicators corroborating one another is more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
#BTC
Definition: Mass liquidations of long positions create additional selling pressure, while mass liquidations of short positions create additional buying pressure. This is how cascading liquidations amplify volatility.
How to read this: A large liquidation amount does not necessarily change the trend for major cryptocurrencies; it mainly reflects how quickly the market was moving at that moment.
Several indicators corroborating one another is more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
#BTC