Where is the money going? Binance futures saw $3.63 million in liquidations over the past hour, mostly from long positions (78.2%).
Price levels with concentrated liquidations often provide liquidity for major players: to enter or exit large positions, whales need others to be forcibly liquidated. The most liquidations occurred at $ETH ($1.12 million); watch to see whether a whale steps in on the opposite side next.
#ETH
Price levels with concentrated liquidations often provide liquidity for major players: to enter or exit large positions, whales need others to be forcibly liquidated. The most liquidations occurred at $ETH ($1.12 million); watch to see whether a whale steps in on the opposite side next.
#ETH