Market note | $6.47 million in Binance futures liquidations over the past 4 hours | Long positions accounted for 75.7% | $BTC ranked first
First, a definition: When prices surge or plunge, liquidations often happen in clusters: one batch of positions is closed, pushing prices further and triggering the next batch.
Next, how to read this: Don’t use added leverage to try to recover losses; this is often how a string of liquidations begins.
Several indicators confirming one another is more reliable than looking at just one, but even more signals can’t provide a definitive conclusion.
First, a definition: When prices surge or plunge, liquidations often happen in clusters: one batch of positions is closed, pushing prices further and triggering the next batch.
Next, how to read this: Don’t use added leverage to try to recover losses; this is often how a string of liquidations begins.
Several indicators confirming one another is more reliable than looking at just one, but even more signals can’t provide a definitive conclusion.