Binance futures liquidations totaled approximately $3.62 million in the past hour, with long positions accounting for 75.1% ($2.72 million in longs / $900,000 in shorts). The largest liquidation was $BTC ($1.35 million).
Let's break down this figure.
Long liquidations occur when leveraged long positions are forcibly closed, usually when prices are falling; short liquidations are the opposite and tend to happen when prices are rising.
Don't chase trades during the most volatile minutes. Wait for the candlestick to close before taking a look.
#BTC
Let's break down this figure.
Long liquidations occur when leveraged long positions are forcibly closed, usually when prices are falling; short liquidations are the opposite and tend to happen when prices are rising.
Don't chase trades during the most volatile minutes. Wait for the candlestick to close before taking a look.
#BTC