Binance futures liquidations totaled about $3.3 million in the past hour. Long positions accounted for 54.4%, and the largest liquidation was $ORDER .
I used to feel shocked whenever I came across liquidation figures, but later I learned that these amounts are calculated by adding up the notional value of positions, not the actual losses. Binance also sends sampled snapshots, with at most one update per trading pair per second, so the actual amount may be higher.
With leveraged trading, first consider whether you can handle the worst-case scenario, then think about what the signals are saying.
#ORDER
This is not investment advice. You assume all risks.
I used to feel shocked whenever I came across liquidation figures, but later I learned that these amounts are calculated by adding up the notional value of positions, not the actual losses. Binance also sends sampled snapshots, with at most one update per trading pair per second, so the actual amount may be higher.
With leveraged trading, first consider whether you can handle the worst-case scenario, then think about what the signals are saying.
#ORDER
This is not investment advice. You assume all risks.