๐ Over the past 4 hours, approximately $8.28 million in Binance futures positions were liquidated. Long positions accounted for 50.2%, and the largest liquidation was $BTC .
Both long and short positions were liquidated, indicating a back-and-forth struggle in price action.
Long liquidations occur when leveraged positions betting on rising prices are forcibly closed, generally when prices fall. Short liquidations are the opposite and tend to occur during price increases.
Price levels where liquidations cluster are often viewed afterward as short-term support or resistance references, but whether they actually hold depends on subsequent trading activity.
Indicators can fail, but risk management shouldn't be skipped: thinking ahead about what to do if you're wrong matters more than getting the prediction right.
Both long and short positions were liquidated, indicating a back-and-forth struggle in price action.
Long liquidations occur when leveraged positions betting on rising prices are forcibly closed, generally when prices fall. Short liquidations are the opposite and tend to occur during price increases.
Price levels where liquidations cluster are often viewed afterward as short-term support or resistance references, but whether they actually hold depends on subsequent trading activity.
Indicators can fail, but risk management shouldn't be skipped: thinking ahead about what to do if you're wrong matters more than getting the prediction right.