In the past 4 hours, about $10.09 million in Binance futures positions were liquidated. Long positions accounted for 54.4%, and the largest liquidation was $BTC ($3.01 million).
Guys, what exactly is a liquidation? Here’s the quick version 👇
In isolated margin mode, a forced liquidation only costs you the margin allocated to that position. In cross margin mode, your entire account balance is used to cover losses.
“Long squeeze” refers to a price drop triggering forced liquidations of long positions, with the resulting sell orders pushing prices even lower. A “short squeeze” is when a price rise triggers forced liquidations of short positions, and the buybacks push prices even higher.
Sizing your position based on where you place your stop-loss is much more reliable than just going by gut feeling.
#BTC
Guys, what exactly is a liquidation? Here’s the quick version 👇
In isolated margin mode, a forced liquidation only costs you the margin allocated to that position. In cross margin mode, your entire account balance is used to cover losses.
“Long squeeze” refers to a price drop triggering forced liquidations of long positions, with the resulting sell orders pushing prices even lower. A “short squeeze” is when a price rise triggers forced liquidations of short positions, and the buybacks push prices even higher.
Sizing your position based on where you place your stop-loss is much more reliable than just going by gut feeling.
#BTC