On-Forced Liquidation Radar

For data like this, first figure out who is being forced out.

$XRP long-side leverage is hit first. Whether the rebound can succeed depends on whether trading value/volume can keep up.

$PEPE long positions passively exit more. The board needs to steady back—further, active buying must reappear.

$COTI long liquidation accounts for the majority of the amount. Position cleanup has already truly moved into executed trades.

If the price after liquidation continues to weaken, it means new sell pressure has taken over and absorbed the passive sell orders.