$SOL A $622,000 long position was liquidated intraday in perpetual futures.
Let’s use this data point to talk about liquidations.
When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys at market price to close it.
Don’t use more leverage to chase your losses. This often marks the start of a string of liquidations.
Understanding this indicator is meant to keep you from being spooked by a single number, not to help you pinpoint market tops and bottoms.
#SOL
Let’s use this data point to talk about liquidations.
When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys at market price to close it.
Don’t use more leverage to chase your losses. This often marks the start of a string of liquidations.
Understanding this indicator is meant to keep you from being spooked by a single number, not to help you pinpoint market tops and bottoms.
#SOL