Binance futures liquidations over the past hour totaled $3.47 million: $3.27 million in longs (94.1%) and $206,000 in shorts.
After a liquidation event, I usually look at three things:
① Who got flushed out: mostly longs—a batch of leveraged longs was cleared out;
② The largest was $ZEC ($1.13 million); the price swings that follow it are often the most dramatic;
③ Whether open interest fell afterward: a decline means positions were indeed flushed out; if it didn’t fall, new positions are piling up.
In leveraged markets, surviving is harder than making a quick profit.
After a liquidation event, I usually look at three things:
① Who got flushed out: mostly longs—a batch of leveraged longs was cleared out;
② The largest was $ZEC ($1.13 million); the price swings that follow it are often the most dramatic;
③ Whether open interest fell afterward: a decline means positions were indeed flushed out; if it didn’t fall, new positions are piling up.
In leveraged markets, surviving is harder than making a quick profit.