From a positioning perspective: Binance futures liquidations totaled $11.43 million over the past 4 hours, mostly short positions.
Price levels with concentrated liquidations are often where large players find counterparties: to build a large position, they need someone to be forced out. Liquidations were most concentrated at $BTC ($4.16 million); watch for large orders entering in the same direction after the liquidations.
Price levels with concentrated liquidations are often where large players find counterparties: to build a large position, they need someone to be forced out. Liquidations were most concentrated at $BTC ($4.16 million); watch for large orders entering in the same direction after the liquidations.