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The February 10 liquidation event is already being called "10/10" by traders which wiped out leveraged positions across the entire crypto market.
Binance Co-CEO Richard Teng just shared his thoughts on the event and his insights reveal a lot about where the market is heading
Reading the Chaos: How Macro Forces Triggered the Feb 10 Crash
That day, the US stock market evaporated $1.5 trillion in market value. The US stock market alone saw $150 billion in liquidations. The crypto market liquidation was about $19 billion.
That day, every trading platform, whether centralized or decentralized, experienced large-scale liquidations.

Approximately 75% of the liquidations occurred around 9:00 PM Eastern Time

According to Richard Teng: The '10/10' liquidation event was triggered by worldwide macroeconomic shocks, not any internal exchange issues.
He emphasized that every exchange (both centralized and decentralized) experienced massive liquidations simultaneously. Which was mostly triggered by the geopolitical tension of China's implementing of metal export controls and the US responding with 100% tariffs on Chinese goods.
The Technical Issues And How Binance Fixed It:
During the chaos, Two unrelated and isolated technical issues occurred simultaneously:
a stablecoin (USDe) briefly de-pegged to $0.65; a reflection of the market wide panic, not a platform failureSome delays in asset transfers.
Binance's Response: Transparency, Stability, and Support
Binance remained operational throughout the turbulence and did not signal any structural disruption to its services.
While other exchanges struggled silently, Binance kept the lights on. No withdrawal freezes. No "maintenance" mode at the worst possible moment. Just continuous operation.

Also Binance has committed a staggering $600 million to user compensation
$300 million for directly to users who suffered losses specifically due to the two isolated technical issues$300 million allocated to a goodwill compensation fund, designed to share market risk with investors who were severely impacted 
Teng has also pointed out that no other centralized or decentralized exchange has provided compensation or goodwill of this nature.

Think about that. When every exchange experienced the same macro driven liquidation event, and only 1 exchange stepped up to make things right for affected users.
Conclusion:
The "10/10" crash was ugly. But it revealed something important. It showed which platforms treat users as partners versus which treat them as liquidity.

Binance had technical hiccups they admitted it. But they also:
Kept the platform runningCompensated affected users directlyWent above and beyond with goodwill paymentsPublished the data so you can verify it yourself
As Teng put it, the focus should be on fundamentals. And on fundamentals; transparency, stability, and user protection, Binance just set a new industry standard.
What's your take on the event? If you had any experience, feel free to share in comment👇

Introduction:
Experienced traders don't only focus on price.
Price is just the surface. Underneath, there are position liquidations, funding rates, open interest, real time activity, and order book behaviour.
When you understand these layers, you stop reacting emotionally to candles and start understanding what is actually driving the move.
For example, a sharp drop might look bearish on the chart. But if it's driven by long liquidations and panic selling, it can sometimes signal exhaustion rather than continuation.
Liquidations: Where Pressure Gets Released
Liquidations show where traders are being forced out of positions. When too many traders are on the same side, the market often moves against them.
A wave of long liquidations during a drop means over leveraged longs are being flushed out.
A wave of short liquidations during a rally means bears are being squeezed.
This helps to answer a key question:
Is this move organic, or is it driven by forced positioning?
If most of the move comes from liquidations, the pressure often fades once that imbalance is cleared.

Open Interest: Measuring Commitment
Open interest shows how much capital is committed to open positions.
If price and open interest both rises: it usually means new positions are entering the market.
If price rises but open interest drops: the move may be driven by short covering rather than fresh demand.

For example:
If $BTC breaks resistance and Open interest spikes
→ This suggests traders are aggressively entering new longs.
But:
But if BTC pumps and Open interest drops
→ That often signals shorts closing, not real conviction.

Funding Rates: Reading Crowd Positioning
Funding rates reflect which side of the market is more crowded.
When funding becomes heavily positive, it shows many traders are leaning long. When it turns deeply negative, it shows strong short pressure.

Funding is not a timing tool by itself.
But when combined with open interest and liquidations, it becomes powerful.

Real Time Activity: Understanding Market Behaviour
Watching how price reacts at key levels, how quickly liquidations appear, and how positioning shifts in real time adds context to decision making.

Instead of reacting late, traders can observe whether a move is holding, slowing down, or getting rejected. This makes entries more thoughtful and reduces emotional decisions.

Small details matter:
Is volume increasing on the move?
Are buyers absorbing selling pressure?
Is price moving with strength or hesitation?
This helps to avoid chasing weak breakouts.

Using Data to Manage Risk During Volatility
Volatility creates opportunity but it can also destroy accounts.
Instead of reacting emotionally:
Use liquidation clusters as risk zones
Use funding extremes as warning signalsUse open interest expansion to confirm conviction
Example:
If price breaks out but OI doesn’t expand, you reduce size.
If funding becomes extreme, you tighten stops.
If liquidations spike, you wait for stabilisation.

From Overtrading to Structured Trading
Many traders lose money not because they lack knowledge, but because they trade too often. They react to every small move.

When you start paying attention to liquidations, open interest, and sentiment, you naturally become more selective. You wait for moments when behavior and structure align. This creates discipline and reduces impulsive entries.

How Real Time Data Changes Decision Making
Real-time information does not predict the future. But it explains what is happening right now.
Instead of guessing direction, traders begin to understand pressure, positioning, and reactions. Over time, decisions become calmer, trades become more deliberate, and risk becomes more controlled.

Conclusion: From Reaction to Observation
The market always leaves signals through behaviour.
Liquidations show stress.
Open interest shows commitment.
Funding shows sentiment.
Real time activity shows how traders respond.

When these pieces are read together, trading slowly shifts from emotional reactions to structured observation. That shift alone can change how a trader survives volatile conditions and builds consistency.

When the market stops trending, most losses don’t come from bad analysis.
They come from forcing breakouts that never develop.

A range market forms when price fails to make higher highs or lower lows. It keeps rotating between clear support and resistance. In these conditions, directional follow through is limited. Moves look promising at first, then fade quickly.
Trend strategies struggle here. In this position, patience and level awareness is very important. Because of this structure, the most common mistakes traders do is, chasing price in the middle of the range or entering too early on weak breakouts.
Trades taken away from key levels usually offer poor risk control and unclear invalidation.

The foundation of range trading is to keep focus only on the edges:

Support is the area where buyers repeatedly step in. Resistance is where selling pressure consistently returns. These are zones, not exact prices. What we need to do is to observe how price reacts when it reaches the zones.

Trades taken near support or resistance offer clearer risk. If price fails to react, the idea is invalid quickly. Trades taken in the middle have no such clarity.
Fake Breakout:
Fake breakouts are common in sideways markets. Price may push slightly above resistance or dip below support, pull traders in, and then slip back into the range.

The key difference between a real breakout and a fake one is acceptance. A real move holds beyond the level and builds stability. A fake move fails to hold and quickly returns inside the range.

Waiting for a strong close and short-term stability beyond the level helps reduce the chance of getting trapped. Speed alone is not confirmation.

Liquidity traps are part of this behavior. Sudden spikes up often happen when short positions close quickly. Sharp drops usually appear when long positions exit in panic. If price cannot hold those moves and reverses back into the range, it usually signals weakness rather than strength.

Volatility makes position sizing even more important. Smaller entries allow flexibility and reduce emotional pressure. Clear invalidation levels is more important than wide stops. In uncertain conditions, survival comes from controlling downside, not trading more often.

Right now, $BTC continues to respect its range. Price is reacting near key zones rather than trending decisively.

• Scenario up: Acceptance above resistance could allow price to move toward the next supply area.

• Scenario down: Rejection near resistance or a loss of support may lead to another test of lower demand.
In a ranging market, patience beats speed. Clean levels, controlled risk, and discipline is mandatory.

Always remember: The goal is not to catch every move, but to avoid getting trapped while the market decides its next direction.