$BTC A $4.56 million long position was liquidated intraday in perpetual futures.
Let’s use this figure to talk about liquidations.
Binance’s publicly available liquidation data is a snapshot: for each contract, it only reports the latest liquidation every second, so the actual liquidation amount is often higher.
A “long squeeze” refers to falling prices triggering liquidations of long positions, with the resulting sell orders pushing prices down further. A “short squeeze” refers to rising prices triggering liquidations of short positions, with buybacks pushing prices even higher.
Sizing your orders based on the distance to your stop loss is much more reliable than choosing a position size by gut feel.
Let’s use this figure to talk about liquidations.
Binance’s publicly available liquidation data is a snapshot: for each contract, it only reports the latest liquidation every second, so the actual liquidation amount is often higher.
A “long squeeze” refers to falling prices triggering liquidations of long positions, with the resulting sell orders pushing prices down further. A “short squeeze” refers to rising prices triggering liquidations of short positions, with buybacks pushing prices even higher.
Sizing your orders based on the distance to your stop loss is much more reliable than choosing a position size by gut feel.