Over the past 4 hours, Binance futures liquidations totaled $56.33 million: $22.57 million in long positions (40.1%) and $33.76 million in short positions.
After liquidations, I usually look at three things:
① Which side had more liquidations: both sides means a two-way sweep;
② The largest concentration was at $ETH ($29.6 million); volatility afterward is often the most extreme;
③ Did open interest also decline? A decline means leverage was genuinely flushed out; little change means new positions are entering.
The higher the leverage, the less room for error.
#ETH
After liquidations, I usually look at three things:
① Which side had more liquidations: both sides means a two-way sweep;
② The largest concentration was at $ETH ($29.6 million); volatility afterward is often the most extreme;
③ Did open interest also decline? A decline means leverage was genuinely flushed out; little change means new positions are entering.
The higher the leverage, the less room for error.
#ETH