🚨 $4.37 million in Binance futures liquidations over the past 4 hours, with $BTC leading
Don’t rush into the action—understand liquidations before you trade 👇
When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys at market price to close it.
The often-mentioned “long squeeze” refers to falling prices triggering long liquidations, whose sell orders push prices even lower. A “short squeeze” is when rising prices trigger short liquidations, and buybacks push prices even higher.
Leave enough room in your futures positions. Don’t let a single wick wipe them out.
#BTC
Don’t rush into the action—understand liquidations before you trade 👇
When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys at market price to close it.
The often-mentioned “long squeeze” refers to falling prices triggering long liquidations, whose sell orders push prices even lower. A “short squeeze” is when rising prices trigger short liquidations, and buybacks push prices even higher.
Leave enough room in your futures positions. Don’t let a single wick wipe them out.
#BTC
