The takeaway first: PUMPBTC saw $1.46 million in liquidations over the past hour, with 99% hitting short positions. Those who chased the drop by shorting were the first to get liquidated.
Of the 504 liquidations this hour, $1.38 million came from shorts and just $80,000 from longs. The liquidations were almost entirely concentrated on the short side, suggesting this wasn’t ordinary volatility—short positions were extremely crowded, at least during this hour.
The largest single liquidation was a $906,000 Binance short, forcibly closed near $0.03216. It alone accounted for 6% of this coin’s liquidations this hour. Liquidations totaled $2.04 million over 24 hours, with the vast majority concentrated in the last four hours. Shorts haven’t fully exited yet.
$PUMPBTC $BTC
Short positions keep getting liquidated. Do you think this squeeze isn’t over yet?
View in real time: https://www.coinboss.com/liquidations