Conclusion first: In the past 1 hour alone, liquidations across the entire network totaled $74.5 million. Longs accounted for 51%; Binance alone took up half—people who chased longs will be the first to get cut.
Binance liquidated $3.76 million across 1,429 trades, accounting for about 50% of the whole network. Longs at $1.98 million are slightly higher than shorts at $1.78 million, indicating this hour wasn’t a one-sided liquidation and that Binance’s long positions faced more pressure.
OKX liquidated positions of $16.8 million to rank second, with Bybit at about $8.3 million. Binance and OKX combined account for more than 70% of the whole network; liquidation on major platforms is still the main battlefield for this round of leverage unwinding.
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Do you think the short side will be liquidated next within the coming hour?
View in real time: https://www.coinboss.com/liquidations