Over the past 4 hours, Binance Futures liquidations totaled approximately $6 million. Long positions accounted for 19.5% ($1.17 million in longs / $4.83 million in shorts), and the largest liquidation was $BTC ($2.06 million).
Let’s use these figures to talk about liquidation data.
In isolated margin mode, a liquidation only costs you the margin allocated to that position. In cross margin mode, your entire account balance is used to cover losses.
When liquidation amounts are high, market sentiment is usually also running hot. Opening positions impulsively at such times can easily mean chasing the market at its most volatile extremes.
All data only summarizes market movements that have already happened; the market could just as easily move in the opposite direction.
Let’s use these figures to talk about liquidation data.
In isolated margin mode, a liquidation only costs you the margin allocated to that position. In cross margin mode, your entire account balance is used to cover losses.
When liquidation amounts are high, market sentiment is usually also running hot. Opening positions impulsively at such times can easily mean chasing the market at its most volatile extremes.
All data only summarizes market movements that have already happened; the market could just as easily move in the opposite direction.