Total Binance futures liquidations over the past 4 hours were approximately $7.05 million, with long positions accounting for 28.1%. The largest was $BTC ($2.62 million).
Let’s talk about what’s behind this figure.
These amounts are based on the notional value of positions, not actual losses: with isolated margin, when a 10x leveraged position is liquidated, the loss is mainly around one-tenth of the notional value in margin.
Price levels where liquidations cluster are often viewed in hindsight as references for short-term support or resistance, but whether they actually hold depends on subsequent trading activity.
Don’t change your usual approach based on a single indicator, and never use borrowed money to test what a reading means.
#BTC
Let’s talk about what’s behind this figure.
These amounts are based on the notional value of positions, not actual losses: with isolated margin, when a 10x leveraged position is liquidated, the loss is mainly around one-tenth of the notional value in margin.
Price levels where liquidations cluster are often viewed in hindsight as references for short-term support or resistance, but whether they actually hold depends on subsequent trading activity.
Don’t change your usual approach based on a single indicator, and never use borrowed money to test what a reading means.
#BTC
