Latest data: $52.35 million in Binance futures liquidations over the past hour | Long positions accounted for 96% | $ETH ranked first
What it means: Long liquidations occur when leveraged positions betting on rising prices are forcibly closed, usually when prices fall. Short liquidations are the opposite and tend to happen during rallies.
Common takeaway: The risk of leveraged trading is that even if you ultimately get the direction right, a sudden price spike or dip along the way can still wipe out your position first.
Avoid placing orders during the most volatile few minutes. Wait for the price action to settle before taking a look.
What it means: Long liquidations occur when leveraged positions betting on rising prices are forcibly closed, usually when prices fall. Short liquidations are the opposite and tend to happen during rallies.
Common takeaway: The risk of leveraged trading is that even if you ultimately get the direction right, a sudden price spike or dip along the way can still wipe out your position first.
Avoid placing orders during the most volatile few minutes. Wait for the price action to settle before taking a look.