Binance futures liquidations totaled about $3.47 million over the past hour, with long positions accounting for 87.5%. The largest liquidation was $BTC ($1 million).
Guys, how do liquidations happen? Here’s the short version.
The liquidation data Binance makes public is a snapshot: for each contract, it only pushes the latest update once per second, so the actual liquidation amount is often higher.
The often-mentioned “long squeeze” refers to a drop triggering liquidations of long positions, with the resulting sell orders pushing prices down further. A “short squeeze” is when a rise triggers liquidations of short positions, and their buybacks push prices even higher.
Reading indicators is easy; the hard part is sticking to your plan when the market is at its most extreme.
#BTC
Guys, how do liquidations happen? Here’s the short version.
The liquidation data Binance makes public is a snapshot: for each contract, it only pushes the latest update once per second, so the actual liquidation amount is often higher.
The often-mentioned “long squeeze” refers to a drop triggering liquidations of long positions, with the resulting sell orders pushing prices down further. A “short squeeze” is when a rise triggers liquidations of short positions, and their buybacks push prices even higher.
Reading indicators is easy; the hard part is sticking to your plan when the market is at its most extreme.
#BTC