In the past 24 hours, across the entire network, futures contracts were liquidated for $320 million, and 83% of it was shorts losing money.
Looking at specific coins is even more interesting: in the past 24 hours, ZEC had 7,948 liquidation events, more than Bitcoin’s 6,548; but the amount was only $37.35 million—less than 40% of Bitcoin’s $97.15 million.
This suggests that on ZEC, many are retail traders with small positions and high leverage—once the price moves, large batches get liquidated; Bitcoin, on the other hand, is supported by a few large orders that account for most of the amount, with much lower leverage density.
ETH follows closely. In the past 24 hours, it saw $61.66 million liquidated as well, and shorts are also the majority.
$ZEC $BTC
Who do you think the coin will be next, where retail investors crowd in and use leverage?
View in real time: https://www.coinboss.com/liquidations