$BTC A short position worth $2.24 million was liquidated in the perpetual futures market.
Let's talk about what lies behind this figure.
Maintenance margin is the minimum margin required to keep a position from being liquidated. The larger the position's notional value, the higher the required ratio usually is.
When liquidation amounts are very large, market sentiment is often at an extreme too. Opening a position impulsively at such times can easily mean entering at the most volatile moment.
Understanding an indicator is meant to keep you from being startled by a single number, not to help you predict price movements precisely.