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#Liquidations #LiquidationData When a trader's positions are closed as a result of price changes and their margin account balance is not enough to cover the open positions, this is known as a liquidation event. The majority of exchanges have a liquidation level, or the price at which leveraged trades will be forcefully stopped, in order to stop more losses for both traders and exchanges. Similar to comprehending high liquidity in the order book, traders who are able to gauge the liquidation levels of other traders may benefit. To assist traders in identifying the optimal liquidity positions, Coinglass's liquidation heatmap makes an effort to forecast potential hotspots for large liquidations. Based on market data and varying leverage amounts, the liquidation heatmap determines the liquidation levels. The prices on the chart are then updated with the determined levels.
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Woahhh 🙏
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I miss gaining profits
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My daily scalp for ETH. Going long
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That definitely hurts. Oh God save me
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