Binance just experienced the largest single-hour liquidation of long futures positions since Bitcoin began its trend reversal in early April.
Monitoring major liquidation zones, as well as liquidation events themselves,can offer valuable insights to traders, helping them adjust their strategies accordingly.
Some liquidation events on Binance can be particularly significant, given the platform's dominance in trading volume.
That’s exactly what happened today, with over $4 million worth of long positions liquidated in just one hour.
Often, waiting for large-scale liquidation events like this one can present highly effective entry opportunities for those looking to position themselves.
Written by Darkfost
