Indicator Notes | $11.56 million in Binance futures liquidations over the past hour | Long positions accounted for 97% | $ETH ranked first
Definition: Binance’s publicly available liquidation data is a sampled snapshot: at most the latest entry for each trading pair is pushed every second, so actual liquidation amounts are often higher.
A common interpretation: When liquidation amounts are high, market sentiment is usually intense too. Impulsive trades at such times can easily be made at the most extreme points of volatility.
The point of understanding an indicator is to be less alarmed by the numbers, not to use it to predict whether prices will rise or fall.
#ETH
Definition: Binance’s publicly available liquidation data is a sampled snapshot: at most the latest entry for each trading pair is pushed every second, so actual liquidation amounts are often higher.
A common interpretation: When liquidation amounts are high, market sentiment is usually intense too. Impulsive trades at such times can easily be made at the most extreme points of volatility.
The point of understanding an indicator is to be less alarmed by the numbers, not to use it to predict whether prices will rise or fall.
#ETH