šØ $6.47 million in Binance futures liquidations over the past 4 hours, with $BTC in the lead
Donāt rush into the marketāunderstand liquidations first š
Mass liquidations of long positions add selling pressure, while mass liquidations of short positions bring buying pressure. This is why cascading liquidations amplify volatility.
When liquidation amounts are high, market sentiment is often equally heated. Opening a position impulsively at such times can easily mean entering at the most extreme point of a swing.
Indicators can fail, but risk management shouldnāt be absent: deciding in advance what to do if youāre wrong matters more than predicting correctly.
#BTC
Donāt rush into the marketāunderstand liquidations first š
Mass liquidations of long positions add selling pressure, while mass liquidations of short positions bring buying pressure. This is why cascading liquidations amplify volatility.
When liquidation amounts are high, market sentiment is often equally heated. Opening a position impulsively at such times can easily mean entering at the most extreme point of a swing.
Indicators can fail, but risk management shouldnāt be absent: deciding in advance what to do if youāre wrong matters more than predicting correctly.
#BTC