$HYPE A $764,000 long position was liquidated during this round of volatility in perpetual contracts.
Let's use this data to talk about liquidations.
When a long position is liquidated, the system sells it on the market to close it; when a short position is liquidated, the system buys it back to close it.
Large liquidations mean leverage on that side has been flushed out. Some people think the market may briefly calm down afterward, but this isn't a rule.
Understanding this indicator helps you avoid being spooked by a single number, not predict the exact tops and bottoms.
#HYPE
Let's use this data to talk about liquidations.
When a long position is liquidated, the system sells it on the market to close it; when a short position is liquidated, the system buys it back to close it.
Large liquidations mean leverage on that side has been flushed out. Some people think the market may briefly calm down afterward, but this isn't a rule.
Understanding this indicator helps you avoid being spooked by a single number, not predict the exact tops and bottoms.
#HYPE
