Binance futures liquidations totaled about $7.07 million over the past hour, with long positions accounting for 96.8%. The largest was $ETH ($1.82 million).
Let’s use this figure to break down the liquidation data.
These amounts are based on the notional value of positions, not the actual money lost: with isolated margin, a liquidated position at 10x leverage would lose roughly 10% of its notional value in margin.
Liquidation data can show which side futures capital is more concentrated on, but it’s a lagging statistic and can’t be used on its own to predict market movements.
Indicators can be wrong, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than whether your prediction is right.
#ETH
Let’s use this figure to break down the liquidation data.
These amounts are based on the notional value of positions, not the actual money lost: with isolated margin, a liquidated position at 10x leverage would lose roughly 10% of its notional value in margin.
Liquidation data can show which side futures capital is more concentrated on, but it’s a lagging statistic and can’t be used on its own to predict market movements.
Indicators can be wrong, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than whether your prediction is right.
#ETH