Over the past 4 hours, Binance Futures liquidations totaled about $19.43 million. Long positions accounted for 93.1% ($18.08 million in longs / $1.35 million in shorts), and the largest liquidation was $ETH ($6.56 million).
Guys, what does liquidation mean? Here’s a quick explanation 👇
A liquidation (commonly called getting “rekt”) happens when losses on a leveraged position cause its margin to fall below the maintenance margin requirement, and the system automatically closes the position.
A large liquidation in a single trade doesn’t necessarily affect the direction of a major cryptocurrency’s price; it mostly indicates that the market was volatile at that moment.
Before opening a leveraged position, first consider whether you can handle the worst-case scenario, then think about what the indicators are saying.
Guys, what does liquidation mean? Here’s a quick explanation 👇
A liquidation (commonly called getting “rekt”) happens when losses on a leveraged position cause its margin to fall below the maintenance margin requirement, and the system automatically closes the position.
A large liquidation in a single trade doesn’t necessarily affect the direction of a major cryptocurrency’s price; it mostly indicates that the market was volatile at that moment.
Before opening a leveraged position, first consider whether you can handle the worst-case scenario, then think about what the indicators are saying.