$SOL A $776,000 long position was liquidated intraday in the perpetual futures market.
Where does this number come from?
When a long position is liquidated, the system sells in the market to close it; when a short position is liquidated, the system buys back to close it.
Understanding this indicator is meant to keep you from being spooked by the numbers, not to help you pinpoint tops and bottoms.
Don't take what I'm saying as advice.
Where does this number come from?
When a long position is liquidated, the system sells in the market to close it; when a short position is liquidated, the system buys back to close it.
Understanding this indicator is meant to keep you from being spooked by the numbers, not to help you pinpoint tops and bottoms.
Don't take what I'm saying as advice.