🧮 Quick data overview: $BTC | $1.51 million in long liquidations
· What it is: Liquidation (also called getting liquidated) happens when losses on a leveraged position reduce its margin below the maintenance margin requirement, causing the system to automatically close the position.
· How to approach it: Reducing leverage, keeping more margin, and setting stop-losses in advance are the most common ways to avoid liquidation.
Calculating your order size based on your stop-loss distance is much more reliable than choosing a position size by gut feel.
Don’t treat this as a buy or sell signal.
· What it is: Liquidation (also called getting liquidated) happens when losses on a leveraged position reduce its margin below the maintenance margin requirement, causing the system to automatically close the position.
· How to approach it: Reducing leverage, keeping more margin, and setting stop-losses in advance are the most common ways to avoid liquidation.
Calculating your order size based on your stop-loss distance is much more reliable than choosing a position size by gut feel.
Don’t treat this as a buy or sell signal.