Indicator notes | $4.03 million in Binance futures liquidations over the past 4 hours | Long positions accounted for 74.1% | $ZEC ranked first
First, a definition: the higher the leverage, the closer the liquidation price is to the entry price. The price doesn’t need to move much for a position to be liquidated.
Next, how to read this: liquidation data can show which side of the futures market has more crowded positions, but it’s a record of what has already happened and cannot be used on its own to predict market direction.
All indicators simply summarize past price movements; the market can absolutely move in the opposite direction.
#ZEC
First, a definition: the higher the leverage, the closer the liquidation price is to the entry price. The price doesn’t need to move much for a position to be liquidated.
Next, how to read this: liquidation data can show which side of the futures market has more crowded positions, but it’s a record of what has already happened and cannot be used on its own to predict market direction.
All indicators simply summarize past price movements; the market can absolutely move in the opposite direction.
#ZEC