About $2.9 million in Binance futures positions were liquidated in the past hour, with long positions accounting for 37.2%. The largest liquidation was $AGT , worth $747,000.
Let's unpack what this figure means.
The amounts reported are based on the notional value of positions, not actual losses: in isolated margin mode, when a position with 10x leverage is liquidated, the loss is roughly equivalent to 10% of its notional value in margin.
The often-mentioned “long squeeze” refers to a price drop triggering liquidations of long positions, whose closing sell orders push prices down further. A “short squeeze” is when a price rise forces short positions to be liquidated, and the resulting buybacks drive prices even higher.
Unusually large figures often signal more severe volatility. In such moments, it’s better to reduce leverage rather than increase your position.
Let's unpack what this figure means.
The amounts reported are based on the notional value of positions, not actual losses: in isolated margin mode, when a position with 10x leverage is liquidated, the loss is roughly equivalent to 10% of its notional value in margin.
The often-mentioned “long squeeze” refers to a price drop triggering liquidations of long positions, whose closing sell orders push prices down further. A “short squeeze” is when a price rise forces short positions to be liquidated, and the resulting buybacks drive prices even higher.
Unusually large figures often signal more severe volatility. In such moments, it’s better to reduce leverage rather than increase your position.