Over the past 4 hours, Binance futures liquidations totaled about $8.04 million. Long positions accounted for 46% ($3.7 million in longs / $4.34 million in shorts), with $BIRB ranking first.
Guys, what does liquidation mean? Here’s the short version 👇
These figures are based on the notional value of positions, not the amount actually lost: with isolated margin, if a 10x leveraged position is liquidated, the loss is mainly around 10% of its notional value in margin.
Even a large single liquidation may not affect the trend of a major coin; it mainly indicates that the market was volatile at that moment.
Understanding this metric helps you avoid being misled by the numbers—it’s not a way to pinpoint market tops and bottoms.
Guys, what does liquidation mean? Here’s the short version 👇
These figures are based on the notional value of positions, not the amount actually lost: with isolated margin, if a 10x leveraged position is liquidated, the loss is mainly around 10% of its notional value in margin.
Even a large single liquidation may not affect the trend of a major coin; it mainly indicates that the market was volatile at that moment.
Understanding this metric helps you avoid being misled by the numbers—it’s not a way to pinpoint market tops and bottoms.