Over the past 4 hours, approximately $12.33 million in Binance futures positions were liquidated. Long positions accounted for 38.3%, and the largest liquidation was $AGT .
Let’s break this number down.
In isolated margin mode, you can lose up to the margin allocated to the position. In cross margin mode, your account balance is used to cover losses.
When liquidation volumes are high, market sentiment is often running hot. Placing orders in haste at such times can easily mean entering at the most extreme point of a price swing.
All indicators merely summarize market movements that have already happened; prices can move in the opposite direction at any time.
Let’s break this number down.
In isolated margin mode, you can lose up to the margin allocated to the position. In cross margin mode, your account balance is used to cover losses.
When liquidation volumes are high, market sentiment is often running hot. Placing orders in haste at such times can easily mean entering at the most extreme point of a price swing.
All indicators merely summarize market movements that have already happened; prices can move in the opposite direction at any time.