❗️ $8.04 million in Binance futures liquidations over the past 4 hours, with $BIRB in the lead
Don't rush—understand liquidation first 👇
The higher the leverage, the closer the liquidation price is to the entry price: it takes only a small price move for a position to be liquidated.
Don't use more leverage to claw back losses—that's often how a cycle of liquidations begins.
Keep more margin in your futures positions so a sudden price swing doesn't wipe you out.
Don't rush—understand liquidation first 👇
The higher the leverage, the closer the liquidation price is to the entry price: it takes only a small price move for a position to be liquidated.
Don't use more leverage to claw back losses—that's often how a cycle of liquidations begins.
Keep more margin in your futures positions so a sudden price swing doesn't wipe you out.