Jokes aside, Binance futures liquidations totaled about $4.24 million in the past hour. Longs accounted for 1.5% ($64,000 in longs / $4.18 million in shorts), with $BTC leading at $2.84 million.
The rule this jokester lives by: keep leverage low enough to sleep at night, and set stop-loss levels more punctually than an alarm clock.
A quick serious explainer: liquidation (also called getting rekt) happens when unrealized losses on a leveraged position eat into the margin until it falls below the maintenance margin requirement, at which point the system automatically closes the position.
Indicators can fail, but risk management must never be absent: deciding in advance what to do if you're wrong matters more than whether your prediction is right.
The rule this jokester lives by: keep leverage low enough to sleep at night, and set stop-loss levels more punctually than an alarm clock.
A quick serious explainer: liquidation (also called getting rekt) happens when unrealized losses on a leveraged position eat into the margin until it falls below the maintenance margin requirement, at which point the system automatically closes the position.
Indicators can fail, but risk management must never be absent: deciding in advance what to do if you're wrong matters more than whether your prediction is right.
