Over the past 4 hours, Binance futures liquidations totaled about $206 million. Long positions accounted for 98.9%, with $BTC ($124 million) ranking first.
A beginner’s burning question: How does liquidation happen?
When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys back at market price to close it.
My rule: Keep my position small enough to sleep soundly, and set stop-losses as reliably as an alarm clock.
All data describes past market movements. The market could just as easily move in the opposite direction.
A beginner’s burning question: How does liquidation happen?
When a long position is liquidated, the system sells at market price to close it; when a short position is liquidated, the system buys back at market price to close it.
My rule: Keep my position small enough to sleep soundly, and set stop-losses as reliably as an alarm clock.
All data describes past market movements. The market could just as easily move in the opposite direction.
