Technical note | $4.13 million in Binance futures liquidations in the past hour | Long positions account for 11.8% | $ETH ranked first
First, a definition: Liquidation (also called a forced close) occurs when losses on a leveraged position cause its margin to fall below the maintenance margin requirement, at which point the system closes the position according to its rules.
How to read this: Liquidation amounts can show which side has more crowded leveraged positioning, but they are backward-looking data and cannot be used on their own to predict market direction.
Don't let any single indicator disrupt your original plan, and never use borrowed money to test a trading thesis.
#ETH
First, a definition: Liquidation (also called a forced close) occurs when losses on a leveraged position cause its margin to fall below the maintenance margin requirement, at which point the system closes the position according to its rules.
How to read this: Liquidation amounts can show which side has more crowded leveraged positioning, but they are backward-looking data and cannot be used on their own to predict market direction.
Don't let any single indicator disrupt your original plan, and never use borrowed money to test a trading thesis.
#ETH
