Indicator Notes｜$BTC ｜$1.76 million in long liquidations
Definition: When prices rise or fall sharply, liquidations often happen in clusters: one batch of positions is closed, pushing prices further, which then triggers the next batch.
How to read it: When you see a wave of liquidations, rather than guessing whether prices will rise or fall next, first check how close your own positions are to their liquidation prices.
Understanding this indicator is about avoiding being misled by the numbers, not using it to predict price movements accurately.
#BTC
Definition: When prices rise or fall sharply, liquidations often happen in clusters: one batch of positions is closed, pushing prices further, which then triggers the next batch.
How to read it: When you see a wave of liquidations, rather than guessing whether prices will rise or fall next, first check how close your own positions are to their liquidation prices.
Understanding this indicator is about avoiding being misled by the numbers, not using it to predict price movements accurately.
#BTC