GRAM didn’t have a big drop this day. It’s been a steady, slow bleed—longs were ground down bit by bit.
On Binance, GRAM fell from 1.59 to 1.476, about a 7% drop. It even dipped as low as 1.459; the current price is only a little over 1% above the low. In the last 24 hours, no hourly candle dropped more than 2%. Every few hours it steps down one level.
This day saw a liquidation of 953,000 USD, with 793 trades. Longs accounted for 98.8%, while shorts liquidated only 11,600. The average per trade was just 1,200 USD, and the largest was Bybit’s 49,500-coin long order placed at 1:17 a.m. The liquidations were mostly small positions—high-leverage retail traders lined up to get off the ride.
Positions are also being withdrawn. Across the network, open interest dropped 8% in a day. On Hyperliquid, GRAM open interest is the highest at 28%, down 13% in a day. Binance long accounts fell from 65% to 60.6%, and about 60% of people are still betting on upside.
The bulls haven’t given up yet—do you think 1.46 can hold?
$GRAM
View in real time: https://www.coinboss.com/liquidations