$AKE set off a real meat grinder for the short-sellers. During that very same mega-tide, more than $32 million worth of shorts were liquidated.
Shorts: $32.3M, or 85% of all liquidations
Longs: $5.7M
Largest liquidation: $1.84M
Spike in liquidations: 5x higher than the average over 7 days
But the most interesting part started after the liquidity sweep.
Top traders on Binance abruptly flipped to shorts with a factor of 0.59, while retail on OKX is building long positions with a 1.65 ratio.
Big players are piling into shorts while retail tries to catch the falling knife after the large sell-off.
The data may indicate a trap even before the price finishes its move.
Shorts: $32.3M, or 85% of all liquidations
Longs: $5.7M
Largest liquidation: $1.84M
Spike in liquidations: 5x higher than the average over 7 days
But the most interesting part started after the liquidity sweep.
Top traders on Binance abruptly flipped to shorts with a factor of 0.59, while retail on OKX is building long positions with a 1.65 ratio.
Big players are piling into shorts while retail tries to catch the falling knife after the large sell-off.
The data may indicate a trap even before the price finishes its move.
