Crypto note | $2.62 million in Binance futures liquidations over the past hour | Long positions accounted for 92.2% | $BTC ranked first
First, a definition: Binance's liquidation data is a snapshot. For the same trading pair, at most one update is sent per second, so the actual liquidation volume is often higher.
A common takeaway: don't use leverage to try to recover losses; this often leads to a string of liquidations.
The same data can mean very different things in different market conditions, so don't apply one-off rules mechanically.
First, a definition: Binance's liquidation data is a snapshot. For the same trading pair, at most one update is sent per second, so the actual liquidation volume is often higher.
A common takeaway: don't use leverage to try to recover losses; this often leads to a string of liquidations.
The same data can mean very different things in different market conditions, so don't apply one-off rules mechanically.