📌 Data snapshot: $3.78 million in Binance futures liquidations over the past hour | Longs accounted for 77.8% | $BTC ranked first
· What it is: Binance's publicly available liquidation data is a snapshot: for each trading pair, only the latest update is pushed each second, so the actual liquidation amount may be higher.
· A common way to read it: Price levels where liquidations cluster are often viewed in hindsight as potential short-term support or resistance, but whether they actually hold depends on subsequent buying and selling.
Understanding an indicator is about being less misled by numbers, not using it to predict tops and bottoms.
#BTC
· What it is: Binance's publicly available liquidation data is a snapshot: for each trading pair, only the latest update is pushed each second, so the actual liquidation amount may be higher.
· A common way to read it: Price levels where liquidations cluster are often viewed in hindsight as potential short-term support or resistance, but whether they actually hold depends on subsequent buying and selling.
Understanding an indicator is about being less misled by numbers, not using it to predict tops and bottoms.
#BTC
