Binance futures liquidations totaled about $40.54 million over the past 4 hours. Long positions accounted for 35.9%, and the largest liquidation was $BTC ($17.9 million).
When I first came across liquidation figures, they just shocked me. It was only gradually that I realized these amounts are based on the notional value of positions, not the actual losses; Binance also publishes sampled snapshots, with at most one entry per trading pair per second, so the actual scale is often larger.
All indicators summarize past market movements, and the market can move in the opposite direction at any time.
#BTC
When I first came across liquidation figures, they just shocked me. It was only gradually that I realized these amounts are based on the notional value of positions, not the actual losses; Binance also publishes sampled snapshots, with at most one entry per trading pair per second, so the actual scale is often larger.
All indicators summarize past market movements, and the market can move in the opposite direction at any time.
#BTC