Jokes aside, over the past hour, Binance futures liquidations totaled about $6.79 million, with long positions accounting for 44.4%. The largest was $AGT ($1.72 million).
This punster’s ironclad rule: keep leverage low enough to sleep at night, and set defense levels more reliably than an alarm clock.
On a serious note, the higher the leverage, the closer the liquidation price is to the entry price: the market doesn’t need to move much before a position may be liquidated.
Understanding an indicator is about avoiding being misled by a single number, not using it to pinpoint the exact top or bottom.
#AGT
This punster’s ironclad rule: keep leverage low enough to sleep at night, and set defense levels more reliably than an alarm clock.
On a serious note, the higher the leverage, the closer the liquidation price is to the entry price: the market doesn’t need to move much before a position may be liquidated.
Understanding an indicator is about avoiding being misled by a single number, not using it to pinpoint the exact top or bottom.
#AGT