Binance futures liquidations totaled $14.08 million over the past 4 hours | Longs accounted for 77.6% | $ETH ranked first
Before talking about funds, make sure you understand liquidations.
The amounts reported are based on the notional value of positions, not the actual money lost: with isolated margin, when a 10x leveraged position is liquidated, the loss is mainly the margin—around 10% of the notional value.
When you see widespread liquidations, rather than guessing which way the market will move next, first check how far your position is from its liquidation price.
Don’t change your plan just because of a number, and certainly don’t use borrowed money to test a hunch.
#ETH
Just one person’s opinion—take it with a grain of salt. This is not advice.
Before talking about funds, make sure you understand liquidations.
The amounts reported are based on the notional value of positions, not the actual money lost: with isolated margin, when a 10x leveraged position is liquidated, the loss is mainly the margin—around 10% of the notional value.
When you see widespread liquidations, rather than guessing which way the market will move next, first check how far your position is from its liquidation price.
Don’t change your plan just because of a number, and certainly don’t use borrowed money to test a hunch.
#ETH
Just one person’s opinion—take it with a grain of salt. This is not advice.
