Conclusion first: QNT positions rose 7.5% in a day, but in the four-hour liquidation cascade, 87% was longs—people who chased the rally were the first to get cleared.
Total QNT futures open interest across the whole network rose to $157 million. Binance had $45.99 million, up 8.5% in one day, still the largest exchange; MEXC had $42.26 million, up 18.1% in one day—an even more aggressive increase. Money is still squeezing into futures contracts, but that doesn’t mean the direction is already stable.
In a four-hour settlement, $240,000 was liquidated; longs were $209,000, about 87%. In the most recent hour, total liquidations were only $58,000; longs still accounted for 84%. Chasing longs on the short-term dip remains under pressure.
If positions keep increasing, first check whether long liquidations continue to expand—don’t just focus on position growth.
$QNT $BTC
Can QNT long positions still dare to add more margin?
Check in real time: https://www.coinboss.com/currencies/QNT