🐋 Over the past 4 hours, Binance futures liquidations totaled about $72.45 million, with long positions accounting for 96.4%. The largest liquidation was $BTC ($19.93 million).
More longs were liquidated, which generally corresponds to a period of decline.
Binance’s publicly available liquidation data is a sampled snapshot: for each contract, at most the latest liquidation is pushed every second, so the actual liquidation amount is often higher.
Even a very large single liquidation may not change the direction for a major coin; it more often reflects how quickly the market was moving at that moment.
The point of understanding an indicator is to be less startled by the numbers, not to use it to predict price movements precisely.
More longs were liquidated, which generally corresponds to a period of decline.
Binance’s publicly available liquidation data is a sampled snapshot: for each contract, at most the latest liquidation is pushed every second, so the actual liquidation amount is often higher.
Even a very large single liquidation may not change the direction for a major coin; it more often reflects how quickly the market was moving at that moment.
The point of understanding an indicator is to be less startled by the numbers, not to use it to predict price movements precisely.