Over the past hour, Binance futures liquidations totaled about $2.07 million, with long positions accounting for 72%. The largest liquidation was $BTC ($315,000).
I used to find liquidation figures scary when I came across them, but later I understood: most liquidations of long positions usually happen during a decline, while liquidations of short positions tend to happen during a rise. These figures reflect liquidations over the past period; they don’t predict what comes next.
Before trading with leverage, first consider whether you can handle the worst-case scenario, then think about what the indicators are saying.
#BTC
I used to find liquidation figures scary when I came across them, but later I understood: most liquidations of long positions usually happen during a decline, while liquidations of short positions tend to happen during a rise. These figures reflect liquidations over the past period; they don’t predict what comes next.
Before trading with leverage, first consider whether you can handle the worst-case scenario, then think about what the indicators are saying.
#BTC