Conclusion first: In the past 1 hour, liquidations totaled $7.98 million; Binance accounted for 62%, and about 93% of the whole market were shorts—those chasing the downside will be carried away first.
Binance liquidated $4.948 million across 814 trades, about $6,079 per trade; OKX liquidated $2.081 million across 279 trades, about $7,458 per trade. OKX per-trade is 23% higher than Binance—it's not just that there are more trades making it hurt more; the per-trade leverage is heavier.
Hyperliquid liquidated 435,000 this hour, with all 28 orders being shorts; Binance, OKX, and Bybit together account for about 94% of the entire market. This round mainly liquidated shorts—be careful continuing to chase shorts, or you could get squeezed in the opposite direction.
$BTC $ETH
After shorts have been liquidated consecutively, do you think this short squeeze isn’t over yet?
View in real time: https://www.coinboss.com/liquidations