Binance futures liquidations over the past hour totaled $11.56 million: $11.21 million in long positions (97%) and $346,000 in short positions.
After liquidations, I usually look at three things:
① Who got flushed out: mostly longs, meaning some long-side leverage was cleared out;
② The largest was $ETH ($4.96 million); volatility afterward is often the most intense for that one;
③ Whether open interest declined afterward: a drop means leverage was indeed flushed out; no drop means new positions are piling in.
When funding rates or open interest are heavily skewed to one side, a move in the opposite direction is often not far off.
#ETH
Just chatting—win or lose, you have to bear the consequences yourself.
After liquidations, I usually look at three things:
① Who got flushed out: mostly longs, meaning some long-side leverage was cleared out;
② The largest was $ETH ($4.96 million); volatility afterward is often the most intense for that one;
③ Whether open interest declined afterward: a drop means leverage was indeed flushed out; no drop means new positions are piling in.
When funding rates or open interest are heavily skewed to one side, a move in the opposite direction is often not far off.
#ETH
Just chatting—win or lose, you have to bear the consequences yourself.