The takeaway first: $5.48 million was liquidated market-wide this hour. Binance had the highest total, but its average liquidation was only $1,127, while OKX’s average reached $5,525—nearly five times as much.
Binance saw $2.16 million liquidated across 1,918 positions, about 39% of the market-wide total; OKX saw $1.69 million across 305 positions, or 31%. Binance saw many small positions get liquidated, while on OKX a smaller number of large positions were wiped out.
Bybit saw $920K liquidated across 1,085 positions, averaging about $852 per position. Shorts accounted for 77% of liquidations market-wide, with most of this hour’s liquidations coming from positions chasing the drop.
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Which worries you more: a chain of small liquidations, or a large position getting wiped out all at once?
View in real time: https://www.coinboss.com/liquidations