Over the past hour, Binance Futures saw about $29.39 million in liquidations. Longs accounted for 97.2% ($28.58 million in longs / $812,000 in shorts). The largest was $BTC ($19.4 million).
Everyone, what exactly is a liquidation? Here’s the short version👇
When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys at market price to close it.
The often-mentioned “long squeeze” refers to falling prices triggering long liquidations, whose sell orders push prices even lower. A “short squeeze” is when rising prices trigger short liquidations, and the buybacks push prices even higher.
Learning to read indicators is easy; the hard part is sticking to your rules when emotions are running high.
Everyone, what exactly is a liquidation? Here’s the short version👇
When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys at market price to close it.
The often-mentioned “long squeeze” refers to falling prices triggering long liquidations, whose sell orders push prices even lower. A “short squeeze” is when rising prices trigger short liquidations, and the buybacks push prices even higher.
Learning to read indicators is easy; the hard part is sticking to your rules when emotions are running high.
