Binance futures liquidations totaled about $4.74 million over the past hour. Long positions accounted for 37.5%. The largest liquidation was $AKE ($1.3 million).
Guys, how do liquidations happen? Here’s the short version 👇
In isolated margin mode, you can only lose the margin allocated to that position. In cross margin mode, your entire account balance is used to absorb losses.
Concentrated liquidations mean leverage on that side is being flushed out. Some believe volatility may briefly calm down afterward, but that’s not a rule.
The same data can mean very different things in different market conditions, so don’t blindly apply a single experience to every situation.