Here's the takeaway: WLD saw $1.74 million in liquidations over the past 24 hours, with shorts accounting for 69%. In the past hour, the short share surged to 98%, and traders chasing the drop are still getting liquidated.
The direction has actually flipped back and forth. Over the past 4 hours, $91,000 in longs and $44,000 in shorts were liquidated, with longs accounting for about 68%. In the past hour, however, $37,000 in shorts were liquidated versus just $776 in longs—almost a one-sided liquidation event.
The largest single liquidation was a $177,000 short position on Binance, showing that this move wasn't a gradual exit of scattered small positions. Binance saw $1.08 million in liquidations over 24 hours, while OKX saw $420,000; together, the two exchanges accounted for the bulk of WLD liquidations.
$WLD $BTC
The market keeps flipping between long and short—do you still dare to chase the downside?
View in real time: https://www.coinboss.com/currencies/WLD