Binance futures liquidations totaled $75.59 million over the past hour: $69.61 million in longs (92.1%) and $5.98 million in shorts.
After a liquidation event, I look at three things:
① Who got flushed: longs made up the majority, so leverage flushed out a batch of long positions;
② The largest concentration was $BTC ($24.58 million); its price swings tend to be the most volatile afterward;
③ Whether open interest fell along with it: a decline means positions were genuinely flushed out, while little change means new leverage is piling in.
Funding rates show which direction leveraged funds are crowded into.
After a liquidation event, I look at three things:
① Who got flushed: longs made up the majority, so leverage flushed out a batch of long positions;
② The largest concentration was $BTC ($24.58 million); its price swings tend to be the most volatile afterward;
③ Whether open interest fell along with it: a decline means positions were genuinely flushed out, while little change means new leverage is piling in.
Funding rates show which direction leveraged funds are crowded into.
