In the past hour, Binance futures liquidations totaled approximately $33.51 million. Long positions accounted for 97.9%, and the largest liquidation was $ETH ($12.88 million).
Let’s talk about what’s behind this figure.
With isolated margin, a liquidation can cost you at most the margin allocated to that position. With cross margin, all the margin in your account may be used to cover the loss.
Don’t increase your leverage to make back your losses—this often marks the start of a string of liquidations.
Any indicator describes past market activity; the market could just as easily move in the opposite direction.
#ETH
Let’s talk about what’s behind this figure.
With isolated margin, a liquidation can cost you at most the margin allocated to that position. With cross margin, all the margin in your account may be used to cover the loss.
Don’t increase your leverage to make back your losses—this often marks the start of a string of liquidations.
Any indicator describes past market activity; the market could just as easily move in the opposite direction.
#ETH