Binance futures liquidations totaled $2.9 million over the past hour: $1.08 million in long positions (37.2%) and $1.82 million in short positions.
After liquidations, I usually look at three things:
① Who got wiped out: more shorts than longs, so the rally triggered short covering;
② The largest concentration was at $AGT ($747,000), where price swings are usually the most volatile afterward;
③ Whether open interest also declined: a drop means positions were actually cleared out; little change means new positions are entering.
In the futures market, staying in the game for the long run is harder than making a big profit once.
#AGT
After liquidations, I usually look at three things:
① Who got wiped out: more shorts than longs, so the rally triggered short covering;
② The largest concentration was at $AGT ($747,000), where price swings are usually the most volatile afterward;
③ Whether open interest also declined: a drop means positions were actually cleared out; little change means new positions are entering.
In the futures market, staying in the game for the long run is harder than making a big profit once.
#AGT