Putting the memes aside, Binance Futures saw about $2.01 million in liquidations over the past hour. Long positions accounted for 13.8%, and the largest liquidation was $BTC .
My rule: keep leverage low enough to sleep peacefully, and make sure your stop-loss level is more reliable than your alarm clock.
A quick clarification: the amounts here are based on the notional value of positions, not actual losses. With isolated margin, when a position using 10x leverage is liquidated, the margin lost is roughly one-tenth of its notional value.
Extreme figures usually signal more volatile conditions. That’s when you should reduce leverage, not place bigger bets.
#BTC
My rule: keep leverage low enough to sleep peacefully, and make sure your stop-loss level is more reliable than your alarm clock.
A quick clarification: the amounts here are based on the notional value of positions, not actual losses. With isolated margin, when a position using 10x leverage is liquidated, the margin lost is roughly one-tenth of its notional value.
Extreme figures usually signal more volatile conditions. That’s when you should reduce leverage, not place bigger bets.
#BTC
