Over the past 4 hours, Binance saw $5.578 million in liquidations, about 52% of the total across major exchanges. But this wasn't a short squeeze: $4.532 million in Binance liquidations were longs, about 81%.
OKX saw $1.970 million in liquidations, Gate $1.682 million, and Bybit $1.388 million. Combined, the top three still came to less than 1.1 times Binance's total. Binance's large liquidation volume, heavily skewed toward longs, suggests this sell-off mainly liquidated positions chasing the rally.
Do you think more longs will keep getting liquidated, or is this wave nearing its end?
View in real time: https://www.coinboss.com/liquidations