Over the past 4 hours, Binance futures liquidations totaled approximately $7.4 million. Long positions accounted for 44.8%. The largest liquidation was $ETH ($1.11 million).
Where does this figure come from?
The higher the leverage, the closer the liquidation price is to the entry price: it doesn’t take much of a price move for a position to be liquidated.
Price levels where liquidations cluster are often viewed afterward as potential short-term support or resistance, but whether they actually hold depends on subsequent trading activity.
Understanding an indicator helps you avoid being misled by numbers; it’s not a tool for predicting tops and bottoms.
@Binance BiBi
Where does this figure come from?
The higher the leverage, the closer the liquidation price is to the entry price: it doesn’t take much of a price move for a position to be liquidated.
Price levels where liquidations cluster are often viewed afterward as potential short-term support or resistance, but whether they actually hold depends on subsequent trading activity.
Understanding an indicator helps you avoid being misled by numbers; it’s not a tool for predicting tops and bottoms.
@Binance BiBi