About $3.63 million in Binance futures positions were liquidated over the past hour, with long positions accounting for 78.2%. The largest liquidation was $ETH .
Let’s use this figure to talk about liquidation data.
The higher the leverage, the closer the liquidation price is to the entry price: the market doesn’t need to move very far for a position to be liquidated.
Don’t use more leverage to try to recover losses. This often marks the beginning of a string of liquidations.
Extreme readings usually come with larger swings. That’s when you should reduce your leverage, not increase it.
#ETH
Let’s use this figure to talk about liquidation data.
The higher the leverage, the closer the liquidation price is to the entry price: the market doesn’t need to move very far for a position to be liquidated.
Don’t use more leverage to try to recover losses. This often marks the beginning of a string of liquidations.
Extreme readings usually come with larger swings. That’s when you should reduce your leverage, not increase it.
#ETH