Market Notes | $BTC | $1.87 million in long liquidations
Definition: A long liquidation occurs when a leveraged position betting on rising prices is forcibly closed, usually when prices fall. Short liquidations are the opposite and mostly occur during rallies.
Takeaway: Don’t use leverage to try to recover losses; this is often how a string of liquidations begins.
Don’t place an order at the fastest-moving moment. Wait for the price move to play out before taking a look.
#BTC
Definition: A long liquidation occurs when a leveraged position betting on rising prices is forcibly closed, usually when prices fall. Short liquidations are the opposite and mostly occur during rallies.
Takeaway: Don’t use leverage to try to recover losses; this is often how a string of liquidations begins.
Don’t place an order at the fastest-moving moment. Wait for the price move to play out before taking a look.
#BTC
