🐋 Binance futures liquidations totaled approximately $2.02 million in the past hour. Long positions accounted for 68.3% ($1.38 million long / $640,000 short). The largest liquidation was $BTC ($450,000).
More liquidations on the long side generally correspond to a period of falling prices.
The higher the leverage, the closer the liquidation price is to the entry price: the price doesn’t need to move much for a position to be liquidated.
Before opening a leveraged position, first consider whether you can withstand the worst-case scenario, then think about what the signal is telling you.
#BTC
More liquidations on the long side generally correspond to a period of falling prices.
The higher the leverage, the closer the liquidation price is to the entry price: the price doesn’t need to move much for a position to be liquidated.
Before opening a leveraged position, first consider whether you can withstand the worst-case scenario, then think about what the signal is telling you.
#BTC
