Binance futures liquidations over the past hour totaled about $2.82 million, with long positions accounting for 14.9% ($420,000 in longs / $2.4 million in shorts). The largest liquidation was $BTC .
I used to feel alarmed when I saw liquidation statistics, but later I realized: when long liquidations make up the bulk, it usually happens during a downtrend; when short liquidations dominate, it tends to happen during a rally. These figures reflect liquidations that have already occurred—they don't predict what direction the market will take next.
Prices around which liquidations cluster are often viewed in hindsight as reference points for short-term support or resistance, but whether they actually hold depends on subsequent trading volume.
Indicators may be inaccurate, but risk management is essential: deciding in advance what to do if your assessment is wrong matters more than whether your prediction is right.
#BTC
I used to feel alarmed when I saw liquidation statistics, but later I realized: when long liquidations make up the bulk, it usually happens during a downtrend; when short liquidations dominate, it tends to happen during a rally. These figures reflect liquidations that have already occurred—they don't predict what direction the market will take next.
Prices around which liquidations cluster are often viewed in hindsight as reference points for short-term support or resistance, but whether they actually hold depends on subsequent trading volume.
Indicators may be inaccurate, but risk management is essential: deciding in advance what to do if your assessment is wrong matters more than whether your prediction is right.
#BTC