PENDLE fell about 2% on both sides, while short accounts slightly outnumbered long accounts. Yet over the 24-hour window, about $39,400 in longs were liquidated, compared with only about $360 in shorts—a roughly 108-to-1 gap. In this mild downturn, liquidations hit almost exclusively long positions.

Binance: about $1.95150000 (-2.0480%); OKX: about $1.95100000 (-1.9598%). Over 24 hours, about $39,400 in longs and $360 in shorts were liquidated, for a total of about $39,800 across 55 liquidations. Open interest was about 13.85 million on Binance and 2.45 million on OKX. Binance funding was slightly negative while OKX funding was positive, pointing in opposite directions. The long/short account ratio was about 47.0%/53.0%.

Prices slipped just 2%, and short accounts still slightly outnumbered longs, yet liquidations were more than 100 times higher on the long side—a pattern more consistent with highly leveraged long positions being targeted and wiped out during a mild dip.

#PENDLE #爆仓 #合约行情 #Long/Short Ratio

Short accounts slightly outnumber long accounts, and the price is down about 2%. So why has the long-side liquidation imbalance instead surged to over 100x?

View in real time: https://www.coinboss.com/currencies/PENDLE