Binance futures liquidations totaled $8.82 million in the past hour | Long positions accounted for 5.2% | $BTC ranked first
How do liquidations happen? In isolated margin mode, the maximum you can lose is the margin allocated to that position. In cross margin mode, your account balance is used to absorb losses.
Even a large individual liquidation may not change the direction of major coins; it mainly reflects heightened volatility at the time.
The point of understanding an indicator is to avoid being misled by a single number, not to use it to predict price movements precisely.

Data is from public sources. Please verify it yourself.