In the past hour, Binance futures liquidations totaled approximately $49.69 million. Long positions accounted for 94.6% ($47.02 million in longs / $2.67 million in shorts), and the largest liquidation was $BTC .
Let’s take a look at what’s behind this number.
Binance’s liquidation data is a snapshot: it reports only one update per contract per second, so the actual liquidation amounts are often higher.
When liquidation amounts are large, market sentiment is often running high too. Opening a position in haste at such a time can mean entering right when volatility is at its most extreme.
Cross-checking several data points is more reliable than looking at just one, but even a whole range of indicators can’t provide a definitive answer.
Let’s take a look at what’s behind this number.
Binance’s liquidation data is a snapshot: it reports only one update per contract per second, so the actual liquidation amounts are often higher.
When liquidation amounts are large, market sentiment is often running high too. Opening a position in haste at such a time can mean entering right when volatility is at its most extreme.
Cross-checking several data points is more reliable than looking at just one, but even a whole range of indicators can’t provide a definitive answer.