Binance futures saw approximately $2.89 million in liquidations over the past hour. Long positions accounted for 93.5%, with $NEAR ranking first ($701,000).
When I first saw liquidation stats, I just found them scary. It took me a while to understand: most liquidations of long positions usually happen during a downturn, while most liquidations of short positions tend to occur during a rally. These figures show liquidations over the period in question; they don’t predict what comes next.
Understanding this indicator is about being less spooked by a single number—not using it to pinpoint tops and bottoms.
#NEAR
When I first saw liquidation stats, I just found them scary. It took me a while to understand: most liquidations of long positions usually happen during a downturn, while most liquidations of short positions tend to occur during a rally. These figures show liquidations over the period in question; they don’t predict what comes next.
Understanding this indicator is about being less spooked by a single number—not using it to pinpoint tops and bottoms.
#NEAR