Over the past 4 hours, Binance futures liquidations totaled about $12.33 million, with longs accounting for 38.2% ($4.72 million in long liquidations / $7.62 million in short liquidations). The largest liquidation was $AGT ($2.39 million).
More shorts were liquidated, which generally corresponds to an upswing.
Large-scale long liquidations add extra selling pressure, while a wave of short liquidations brings buying pressure. This is why cascading liquidations amplify volatility.
Extreme readings usually signal more intense volatility. At times like these, it’s better to reduce your position rather than add to it.
More shorts were liquidated, which generally corresponds to an upswing.
Large-scale long liquidations add extra selling pressure, while a wave of short liquidations brings buying pressure. This is why cascading liquidations amplify volatility.
Extreme readings usually signal more intense volatility. At times like these, it’s better to reduce your position rather than add to it.