Binance futures liquidations totaled about $4.82 million over the past hour, with long positions accounting for 89.9%. The largest liquidation was $ETH .
Let’s break that number down.
When a long position is liquidated, the system sells it at market price to close it out; when a short position is liquidated, the system buys it back to close it out.
When liquidations happen across the board, rather than guessing which way the market will move next, it’s better to first check how far your position is from its liquidation price.
Knowing how to read the indicators isn’t hard; the hard part is still following your rules when emotions are running high.
Let’s break that number down.
When a long position is liquidated, the system sells it at market price to close it out; when a short position is liquidated, the system buys it back to close it out.
When liquidations happen across the board, rather than guessing which way the market will move next, it’s better to first check how far your position is from its liquidation price.
Knowing how to read the indicators isn’t hard; the hard part is still following your rules when emotions are running high.
