Over the past hour, Binance futures liquidations totaled about $6.29 million. Long positions accounted for 95.3% ($5.99 million in longs / $296,000 in shorts), and the largest liquidation was $SOL .
Let’s talk about what’s behind this number.
In isolated margin mode, a liquidation can wipe out at most the margin allocated to that position. In cross margin mode, all the margin in your account can be used to cover the loss.
The often-mentioned “long squeeze” refers to falling prices triggering liquidations of long positions, with the resulting sell orders pushing prices down further. A “short squeeze” is when rising prices force short positions to be liquidated, and the buybacks push prices even higher.
Extreme readings usually signal greater volatility. That’s when it’s better to reduce leverage rather than add to your position.
It’s your money—think it through before you act.
Let’s talk about what’s behind this number.
In isolated margin mode, a liquidation can wipe out at most the margin allocated to that position. In cross margin mode, all the margin in your account can be used to cover the loss.
The often-mentioned “long squeeze” refers to falling prices triggering liquidations of long positions, with the resulting sell orders pushing prices down further. A “short squeeze” is when rising prices force short positions to be liquidated, and the buybacks push prices even higher.
Extreme readings usually signal greater volatility. That’s when it’s better to reduce leverage rather than add to your position.
It’s your money—think it through before you act.
