Binance futures liquidations totaled approximately $2.9 million in the past hour, with long positions accounting for 37.2%. The largest liquidation was $AGT ($747,000).
Guys, what are liquidations? Here’s the quick explanation 👇
A long liquidation is when a leveraged position betting on rising prices is forcibly closed, usually when prices fall. Short liquidations are the opposite and tend to happen when prices rise.
A cluster of liquidations means leverage on that side has been cleared out. Some believe volatility may temporarily subside afterward, but this is not a rule.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#AGT
Guys, what are liquidations? Here’s the quick explanation 👇
A long liquidation is when a leveraged position betting on rising prices is forcibly closed, usually when prices fall. Short liquidations are the opposite and tend to happen when prices rise.
A cluster of liquidations means leverage on that side has been cleared out. Some believe volatility may temporarily subside afterward, but this is not a rule.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#AGT