In the past 24 hours, liquidations across the entire web totaled $408 million, with long positions accounting for $306 million (75%), and short positions accounting for only $102 million.
The worst was ETH: $96.63 million liquidated, with three quarters being long positions; BTC followed closely with $92.07 million liquidated—an even more lopsided share for longs, reaching 88%, nearly a one-sided sell-off. XRP saw $41.55 million liquidated, with longs making up 69%.
The longs were collectively buried, indicating that before this drop, the market was broadly leveraging up to go long, and then, as prices fell, it turned into a cascading liquidation stampede. Whether it can stabilize next depends on whether shorts are willing to step in and get liquidated as well.
$BTC $ETH $XRP
#爆仓 #Long/short ratio
Live data: https://www.coinboss.com/liquidations
The worst was ETH: $96.63 million liquidated, with three quarters being long positions; BTC followed closely with $92.07 million liquidated—an even more lopsided share for longs, reaching 88%, nearly a one-sided sell-off. XRP saw $41.55 million liquidated, with longs making up 69%.
The longs were collectively buried, indicating that before this drop, the market was broadly leveraging up to go long, and then, as prices fell, it turned into a cascading liquidation stampede. Whether it can stabilize next depends on whether shorts are willing to step in and get liquidated as well.
$BTC $ETH $XRP
#爆仓 #Long/short ratio
Live data: https://www.coinboss.com/liquidations