In the past 4 hours, approximately $8.04 million in Binance futures positions were liquidated. Longs accounted for 46% ($3.7 million in longs / $4.34 million in shorts), and the largest liquidation was $BIRB .
Both long and short positions were liquidated, indicating that prices have been moving back and forth.
In isolated margin mode, liquidation only wipes out the margin allocated to that position; in cross margin mode, all the margin in your account is used to absorb losses.
Don't chase trades during the fastest few minutes of a market move. Wait for the price action to play out before taking a look.
#BIRB
Both long and short positions were liquidated, indicating that prices have been moving back and forth.
In isolated margin mode, liquidation only wipes out the margin allocated to that position; in cross margin mode, all the margin in your account is used to absorb losses.
Don't chase trades during the fastest few minutes of a market move. Wait for the price action to play out before taking a look.
#BIRB