🧮 Data snapshot: $5.85 million in Binance futures liquidations over the past hour | Long positions accounted for 84.1% | $BTC ranked first
· What it means: In isolated margin mode, the maximum you can lose is the margin allocated to that position; in cross margin mode, all the margin in your account can be used to absorb the loss.
· Common interpretations: “Longs liquidating longs” refers to a price drop triggering liquidations of long positions, with sell orders from the liquidations pushing prices lower; a “short squeeze” is when rising prices trigger liquidations of short positions, whose buybacks push prices even higher.
Comparing multiple data points is more reliable than looking at just one, but even more signals can’t provide a definite answer.
#BTC
· What it means: In isolated margin mode, the maximum you can lose is the margin allocated to that position; in cross margin mode, all the margin in your account can be used to absorb the loss.
· Common interpretations: “Longs liquidating longs” refers to a price drop triggering liquidations of long positions, with sell orders from the liquidations pushing prices lower; a “short squeeze” is when rising prices trigger liquidations of short positions, whose buybacks push prices even higher.
Comparing multiple data points is more reliable than looking at just one, but even more signals can’t provide a definite answer.
#BTC