Here’s the bottom line: $9.24 million in RLC positions was liquidated over the past 24 hours, with shorts accounting for 72%. Those chasing the drop became the main casualties, and Binance alone accounted for 69% of the liquidations.
A total of 10,500 RLC positions were liquidated: $6.63 million in shorts and $2.61 million in longs. The largest was a $40,000 short on Bybit, suggesting this wasn’t one big trader getting wiped out, but many small positions being liquidated all at once.
Across the market, $167 million was liquidated in the past 24 hours, with BTC, ETH, and ZEC ranking in the top three. RLC didn’t rank near the top by liquidation volume, but its liquidation count was unusually high, averaging less than $900 per position—suggesting leverage was more concentrated among retail traders.
Another $340,000 in RLC positions was liquidated in the past hour, and shorts still account for 67%. Those chasing the drop are still holding on. Don’t just look at the total volume—the direction and average liquidation size give a better sense of who’s getting hit.
Do you think this wave of short liquidations on RLC isn't over yet?
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