Many newbies don’t understand why it’s important to track liquidation data. Let me break it down real quick. Today, $173M was liquidated across the market, with longs taking a bigger hit. What’s the essence of liquidation? It’s when leveraged positions get force-closed. Every liquidation means a trader’s stop-loss was triggered or their margin wasn’t enough. Mass liquidations carry two signals: 1. The market is flushing out leverage in the wrong direction. 2. Volatility is increasing, and the trend might accelerate. Current funding rate, open interest: $416.054 billion. After liquidations, leverage has decreased, which actually puts the market in a healthier state. http://(bbx.com)/zh-Hans/indicators/derivatives