🐋 Binance futures saw about $3.86 million in liquidations over the past hour. Long positions accounted for 13.4% ($518,000 in longs / $3.34 million in shorts), with the largest liquidation at $BTC ($1.22 million).
More shorts were liquidated, which often corresponds to a price rise.
In isolated margin mode, a liquidation only costs you the margin allocated to that position; in cross margin mode, all the margin in your account is used to cover the loss.
Leave yourself some room when trading with leverage—don't let one sudden move wipe out your position.
More shorts were liquidated, which often corresponds to a price rise.
In isolated margin mode, a liquidation only costs you the margin allocated to that position; in cross margin mode, all the margin in your account is used to cover the loss.
Leave yourself some room when trading with leverage—don't let one sudden move wipe out your position.