🐋 In the past 4 hours, Binance futures liquidations totaled approximately $6.58 million, with long positions accounting for 15% ($986,000 in longs / $5.6 million in shorts). The largest was $ZEC .
More shorts were liquidated, which often corresponds to a period of rising prices.
A liquidation (commonly called getting “rekt”) occurs when losses on a leveraged position reduce its margin below the maintenance margin requirement, prompting the system to close the position automatically according to its rules.
Extreme readings often come with greater volatility. This is when you should reduce leverage rather than place a big bet.
More shorts were liquidated, which often corresponds to a period of rising prices.
A liquidation (commonly called getting “rekt”) occurs when losses on a leveraged position reduce its margin below the maintenance margin requirement, prompting the system to close the position automatically according to its rules.
Extreme readings often come with greater volatility. This is when you should reduce leverage rather than place a big bet.