$BTC A $1.08 million long position was liquidated during this round of volatility in perpetual futures.
Let's use this data to talk about liquidations.
Liquidation data pushed by Binance is a snapshot: for each trading pair, at most the latest liquidation is pushed each second, so the actual liquidation amount is often higher.
A concentration of liquidations means leverage on that side is being flushed out. Some believe volatility will temporarily ease after the flush, but that's not a rule.
Indicators may be inaccurate, but risk management shouldn't be skipped: deciding in advance how to respond if you're wrong matters more than whether your prediction is right.
The data comes from public sources; verify it yourself.
Let's use this data to talk about liquidations.
Liquidation data pushed by Binance is a snapshot: for each trading pair, at most the latest liquidation is pushed each second, so the actual liquidation amount is often higher.
A concentration of liquidations means leverage on that side is being flushed out. Some believe volatility will temporarily ease after the flush, but that's not a rule.
Indicators may be inaccurate, but risk management shouldn't be skipped: deciding in advance how to respond if you're wrong matters more than whether your prediction is right.
The data comes from public sources; verify it yourself.