🚨 Binance futures liquidations totaled $12.63 million over the past 4 hours, with $BTC in first place
Hold on—understand the liquidation data before jumping to conclusions 👇
Liquidation (commonly called getting rekt) means: when unrealized losses on a leveraged position reduce its margin below the maintenance margin requirement, the system automatically closes the position.
Don’t use more leverage to try to recover your losses—this often marks the start of a string of liquidations.
Keep enough margin in your futures positions. Don’t let one sudden price swing wipe you out.
#BTC
NFA, DYOR.
Hold on—understand the liquidation data before jumping to conclusions 👇
Liquidation (commonly called getting rekt) means: when unrealized losses on a leveraged position reduce its margin below the maintenance margin requirement, the system automatically closes the position.
Don’t use more leverage to try to recover your losses—this often marks the start of a string of liquidations.
Keep enough margin in your futures positions. Don’t let one sudden price swing wipe you out.
#BTC
NFA, DYOR.