Jokes aside, Binance Futures liquidations totaled about $3.75 million in the past hour. Long positions accounted for 37.3% ($1.4 million in longs / $2.35 million in shorts), with $JCT leading at $1.55 million.
The rule this jokester lives by: keep positions small enough to sleep soundly, and make stop-losses more reliable than a wake-up alarm.
Seriously, liquidation (also called being “wiped out”) means that when unrealized losses on a leveraged position push the margin below the maintenance margin requirement, the system forcibly closes the position according to its rules.
The same figures can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
The rule this jokester lives by: keep positions small enough to sleep soundly, and make stop-losses more reliable than a wake-up alarm.
Seriously, liquidation (also called being “wiped out”) means that when unrealized losses on a leveraged position push the margin below the maintenance margin requirement, the system forcibly closes the position according to its rules.
The same figures can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.