🐋 A note for order book watchers: Binance futures liquidations totaled $2.17 million over the past hour, mostly longs (66.5%).
Price levels with concentrated liquidations often provide liquidity for major players: for whales to build large positions, someone needs to be forced to close. $ORDER saw the most liquidations ($635,000); watch for a whale entering in the same direction after its liquidation.
Price levels with concentrated liquidations often provide liquidity for major players: for whales to build large positions, someone needs to be forced to close. $ORDER saw the most liquidations ($635,000); watch for a whale entering in the same direction after its liquidation.