About $8.73 million in Binance futures positions were liquidated over the past 4 hours. Long positions accounted for 75.3% ($6.57 million in longs / $2.16 million in shorts), with $BTC ranking first.
Let's use this figure to break down the liquidation data.
When long positions are liquidated, the system sells on the market to close them; when short positions are liquidated, the system buys to close them.
When liquidation amounts are high, market sentiment is usually at an extreme. Acting impulsively at such times can easily lead you to chase the market at its most volatile point.
Indicators can be inaccurate, but stop-losses shouldn't be skipped: deciding in advance what to do if your judgment is wrong matters more than predicting correctly.
Let's use this figure to break down the liquidation data.
When long positions are liquidated, the system sells on the market to close them; when short positions are liquidated, the system buys to close them.
When liquidation amounts are high, market sentiment is usually at an extreme. Acting impulsively at such times can easily lead you to chase the market at its most volatile point.
Indicators can be inaccurate, but stop-losses shouldn't be skipped: deciding in advance what to do if your judgment is wrong matters more than predicting correctly.