Conclusion upfront: in the past hour, the entire network saw $30.3 million in liquidations, with longs making up 55%. But just Binance and OKX together absorbed 70% of the liquidations, with the clearing concentrated on top-tier platforms.
Binance liquidated 1.29 million, the highest at 43% of the total network; among that, longs were 740,000, suggesting that the people chasing longs on Binance got hit first. OKX had 830,000 liquidations, second place; Bybit had only 230,000. Together, the three platforms accounted for nearly 80% of liquidations in this hour.
There’s no complete tilt to either side in the whole market: longs are 1.656 million, shorts are 1.373 million, and the gap is only 283,000. What’s happening now looks more like a localized cleanup rather than the whole market getting swept in a stampede.
$BTC $ETH
Are you more worried this hour that the longs will continue to be wiped out, or that the shorts will suddenly counterattack?
Check in real time: https://www.coinboss.com/liquidations