In the past hour, Binance futures liquidations totaled about $5.88 million. Long positions accounted for 78.4% ($4.62 million in longs / $1.27 million in shorts). The most liquidated position was $ZEC .
Let's look at what this number tells us.
The higher the leverage, the closer the liquidation price is to the entry price: the market doesn't have to move much for a position to be liquidated.
Don't chase trades during the most volatile moments. Wait for the candlestick to close and stabilize before deciding.
For reference only. Trade at your own risk.
Let's look at what this number tells us.
The higher the leverage, the closer the liquidation price is to the entry price: the market doesn't have to move much for a position to be liquidated.
Don't chase trades during the most volatile moments. Wait for the candlestick to close and stabilize before deciding.
For reference only. Trade at your own risk.