Binance futures liquidations totaled $22.1 million over the past 4 hours. Short positions made up the bulk, with the greatest concentration at $ETH .
Liquidation data can show which way leverage is piling up: this time, leveraged traders chasing shorts were mostly squeezed out, often just after prices had surged upward.
Liquidation data can show which way leverage is piling up: this time, leveraged traders chasing shorts were mostly squeezed out, often just after prices had surged upward.