Bottom line: $1.01 million was liquidated in the past hour, with Binance accounting for the largest share at 47%. But the concentrated liquidations were on OKX shorts, with short liquidations exceeding long liquidations by nearly $100,000.
Binance saw $473,000 in liquidations, with longs and shorts at roughly a 60/40 split; OKX saw $373,000, with shorts accounting for 64%. Both saw liquidations, but Binance skewed toward longs while OKX was squeezing shorts—the direction differed completely between exchanges.
Hyperliquid saw only $2,942 in liquidations across 5 trades—a negligible amount. Don’t treat liquidation direction on a single exchange as the market consensus.
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View in real time: https://www.coinboss.com/liquidations