Approximately $29.39 million in Binance futures positions were liquidated over the past hour, with long positions accounting for 97.2%. The largest liquidation was $BTC .
Where does this number come from?
Large-scale liquidations of long positions create selling pressure, while large-scale liquidations of short positions add buying pressure. This is how cascading liquidations amplify volatility.
Using less leverage, keeping enough margin, and setting stop-losses in advance are the most common ways to avoid liquidation.
Don’t place orders during the few minutes when the market is moving fastest. Wait for prices to settle before taking a look.
Where does this number come from?
Large-scale liquidations of long positions create selling pressure, while large-scale liquidations of short positions add buying pressure. This is how cascading liquidations amplify volatility.
Using less leverage, keeping enough margin, and setting stop-losses in advance are the most common ways to avoid liquidation.
Don’t place orders during the few minutes when the market is moving fastest. Wait for prices to settle before taking a look.