$HYPE A $1.97 million long position was liquidated during this round of volatility in perpetual contracts, with the price around 81.0174.
Let's break down this figure.
The liquidation of a large number of long positions increases selling pressure, while the liquidation of a large number of short positions adds buying pressure. This is what causes cascading liquidations to amplify market moves.
When you see a large liquidation, instead of guessing whether the market will rise or fall next, first check how far your position is from its liquidation price.
All indicators describe market movements that have already happened; prices can absolutely move in the opposite direction.
Let's break down this figure.
The liquidation of a large number of long positions increases selling pressure, while the liquidation of a large number of short positions adds buying pressure. This is what causes cascading liquidations to amplify market moves.
When you see a large liquidation, instead of guessing whether the market will rise or fall next, first check how far your position is from its liquidation price.
All indicators describe market movements that have already happened; prices can absolutely move in the opposite direction.
