Over the past 4 hours, total liquidations on Binance Futures were about $8.83 million, with long positions accounting for 23.9%. The largest liquidation was $BTC .
I used to feel shocked whenever I saw liquidation figures come across my feed. It took me a while to understand that these amounts are calculated based on the notional value of positions, not the actual money lost. Also, Binance’s public data consists of sampled snapshots, with at most one update per trading pair per second, so the actual scale may be larger.
Large-scale liquidations mean leverage on one side has been flushed out. Some people believe the market may briefly calm down afterward, but this is not a rule.
Don’t change your usual pace based on a single indicator, and above all, don’t gamble with borrowed money on a prediction.
#BTC
This article is for informational purposes only and does not constitute investment advice.
I used to feel shocked whenever I saw liquidation figures come across my feed. It took me a while to understand that these amounts are calculated based on the notional value of positions, not the actual money lost. Also, Binance’s public data consists of sampled snapshots, with at most one update per trading pair per second, so the actual scale may be larger.
Large-scale liquidations mean leverage on one side has been flushed out. Some people believe the market may briefly calm down afterward, but this is not a rule.
Don’t change your usual pace based on a single indicator, and above all, don’t gamble with borrowed money on a prediction.
#BTC
This article is for informational purposes only and does not constitute investment advice.