About $4.48 million in Binance futures positions were liquidated over the past hour. Long positions accounted for 95.3%, with $BTC topping the list at $1.11 million.
Let’s use these figures to take a closer look at liquidations.
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 automatically close the position according to its rules.
Price levels where liquidations cluster are often viewed in hindsight as potential short-term support or resistance, but whether they hold depends on subsequent buying and selling.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than getting the prediction right.
#BTC
Data is from public sources. Please verify it yourself.
Let’s use these figures to take a closer look at liquidations.
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 automatically close the position according to its rules.
Price levels where liquidations cluster are often viewed in hindsight as potential short-term support or resistance, but whether they hold depends on subsequent buying and selling.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than getting the prediction right.
#BTC
Data is from public sources. Please verify it yourself.