📊 Data: $ETH |$1.11 million in long liquidations
· Meaning: A long position liquidation occurs when a leveraged position betting on a price increase is forcibly closed, usually when prices fall. Short positions are liquidated in the opposite scenario, mostly when prices surge.
· How to read it: “Long squeeze” refers to falling prices triggering long liquidations, with sell orders from those liquidations pushing prices down further. A “short squeeze” is when rising prices force short liquidations, and buybacks push prices even higher.
Before taking a leveraged position, work out whether you can handle the worst-case outcome, then consider what the indicators are saying.