Bottom line: OKB saw $433,000 in liquidations over the past hour. All 142 liquidations came from shorts, while not a single long was liquidated.
This wasn't an illusion caused by a few large orders: OKX alone liquidated $432,000, accounting for 99.7% of all OKB liquidations across the market this hour. Other exchanges were almost entirely quiet.
The largest liquidation was a $59,900 short position on OKX, with a liquidation price of $130.85. Shorts kept betting on a price drop, but wave after wave of upward price moves squeezed them out, leaving the remaining positions even more vulnerable.
$OKB $BTC
After the shorts have all been wiped out, will you chase the rally or wait for the next liquidation?
View in real time: https://www.coinboss.com/liquidations