$BTC A $5.77 million long position was liquidated
Don't rush—understand liquidations before you trade
Binance's publicly available liquidation data consists of sampled snapshots: only one update per contract is sent every second, so the actual liquidation amount may be higher.
When liquidations happen across the board, instead of guessing which way prices will move next, check how far your position is from its liquidation price.
Leave yourself some margin when trading futures—don't let a single wick wipe out your position.
#BTC
It's your money. You're in control.
Don't rush—understand liquidations before you trade
Binance's publicly available liquidation data consists of sampled snapshots: only one update per contract is sent every second, so the actual liquidation amount may be higher.
When liquidations happen across the board, instead of guessing which way prices will move next, check how far your position is from its liquidation price.
Leave yourself some margin when trading futures—don't let a single wick wipe out your position.
#BTC
It's your money. You're in control.
