Binance futures liquidations totaled about $4.67 million in the past hour. Long positions accounted for 69%, with the largest liquidation being $ETH ($1.86 million).
Let’s use this figure to break down how liquidations work.
The higher the leverage, the closer the liquidation price is to the entry price: the market doesn’t have to move much for a position to be liquidated.
Price levels where liquidations cluster are often later viewed as potential short-term support or resistance, though whether they actually hold depends on subsequent trading.
Cross-checking multiple indicators is more reliable than looking at just one, but even more signals can’t provide a definitive answer.
Let’s use this figure to break down how liquidations work.
The higher the leverage, the closer the liquidation price is to the entry price: the market doesn’t have to move much for a position to be liquidated.
Price levels where liquidations cluster are often later viewed as potential short-term support or resistance, though whether they actually hold depends on subsequent trading.
Cross-checking multiple indicators is more reliable than looking at just one, but even more signals can’t provide a definitive answer.