Binance futures liquidations totaled $8.04 million over the past 4 hours | Longs accounted for 46% | $BIRB ranked first
How do liquidations happen? A long liquidation means a leveraged long position is forcibly closed, usually when prices fall. Short liquidations are the opposite and tend to happen during rallies.
When liquidations are happening across the board, rather than guessing where the market will go next, it’s better to first check how close your own position is to its liquidation price.
The same reading can mean very different things in different market conditions, so don’t blindly apply a one-size-fits-all rule.
Just sharing some thoughts—everyone is responsible for their own gains and losses.
How do liquidations happen? A long liquidation means a leveraged long position is forcibly closed, usually when prices fall. Short liquidations are the opposite and tend to happen during rallies.
When liquidations are happening across the board, rather than guessing where the market will go next, it’s better to first check how close your own position is to its liquidation price.
The same reading can mean very different things in different market conditions, so don’t blindly apply a one-size-fits-all rule.
Just sharing some thoughts—everyone is responsible for their own gains and losses.