Bottom line: liquidations totaled $82.43 million in the past hour. Binance ranked first at 29.9%, but Hyperliquid was only slightly behind—that's the most striking part of this wave.

Binance saw $24.63 million in liquidations across 2,140 positions, averaging about $11,500 each; Hyperliquid saw $21.99 million across 1,779 positions, averaging about $12,400 each. The amounts are close, which shows this wasn't a squeeze confined to just one platform.

In terms of direction, Binance saw $20.79 million in long liquidations, 84% of the platform total; Hyperliquid saw $19.47 million, accounting for 89%. This recent wave mainly liquidated long positions opened in pursuit of the rally—don't mistake a short-term rebound for a trend reversal.

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Do you think longs will keep getting liquidated, or are we already near a turning point?

View in real time: https://www.coinboss.com/liquidations