Today the whole network is liquidating shorts. In the past 24 hours, $1.02 billion was liquidated, and 86% was shorts. Only AKE goes the other way—it liquidated longs the hardest.
AKE’s 24-hour low is 0.031, high is 0.069, with a swing over 120%. Now it’s 0.055, still up about 4% for the day.
Total liquidation across the market: 9.09 million. Longs: 4.85 million, 53%; shorts: 4.25 million, 47%. I flipped through today’s top ten liquidations—this is the only one where longs exceed shorts.
7,600 liquidations, about $1,200 per liquidation on average—basically retail traders are slaughtering each other. The biggest order was one OKX long around 1:00 a.m.: 30,000 coins, and $157,000 was wiped out.
On the way up, it liquidated shorts; on the way back, it chased high—this coin ran both directions today.
A coin with a 120% daily amplitude—dare you to touch it?
View in real time: https://www.coinboss.com/liquidations