No jokes today. Binance futures saw about $20.4 million in liquidations over the past hour, with long positions accounting for 8.8%. The largest liquidation was $ETH ($13.2 million).
My rule: keep positions small enough to sleep soundly, and set stop-loss levels more punctually than an alarm clock.
A quick explainer: a long liquidation means a leveraged position betting on prices rising is forcibly closed, usually when prices fall. Short liquidations are the opposite and mostly happen when prices rise.
Leave enough room when using leverage—don’t let one sudden swing wipe you out.
#ETH
My rule: keep positions small enough to sleep soundly, and set stop-loss levels more punctually than an alarm clock.
A quick explainer: a long liquidation means a leveraged position betting on prices rising is forcibly closed, usually when prices fall. Short liquidations are the opposite and mostly happen when prices rise.
Leave enough room when using leverage—don’t let one sudden swing wipe you out.
#ETH