No jokes today: Binance futures liquidations totaled about $33.51 million over the past hour, with long positions accounting for 97.9% ($32.82 million in longs / $695,000 in shorts). The largest liquidation was $ETH ($12.88 million).
My ironclad rule as a joke-teller: keep leverage low enough to sleep soundly, and make sure your stop-loss is more reliable than your alarm clock.
A serious bit of education: a wave of long positions being liquidated creates additional selling pressure, while a large number of short positions being liquidated creates additional buying pressure. That’s how cascading liquidations amplify market moves.
All data reflects market moves that have already happened; prices can turn in the opposite direction at any time.
My ironclad rule as a joke-teller: keep leverage low enough to sleep soundly, and make sure your stop-loss is more reliable than your alarm clock.
A serious bit of education: a wave of long positions being liquidated creates additional selling pressure, while a large number of short positions being liquidated creates additional buying pressure. That’s how cascading liquidations amplify market moves.
All data reflects market moves that have already happened; prices can turn in the opposite direction at any time.