Binance futures liquidations over the past hour totaled around $2.8 million. Long positions accounted for 57.4% ($1.61 million in longs / $1.19 million in shorts), with $BTC ranking first at $944,000.
Guys, how should we read liquidation stats? Here’s the short version 👇
A liquidation (commonly 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.
Liquidation figures can show which side has more concentrated leveraged capital, but they’re statistics after the fact and can’t be used directly to predict market direction.
Don’t change your strategy based on a single number, and don’t use borrowed money to test a hunch.
Guys, how should we read liquidation stats? Here’s the short version 👇
A liquidation (commonly 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.
Liquidation figures can show which side has more concentrated leveraged capital, but they’re statistics after the fact and can’t be used directly to predict market direction.
Don’t change your strategy based on a single number, and don’t use borrowed money to test a hunch.