Bottom line: $2.29 million was liquidated this hour. Longs and shorts on Binance were nearly even, but shorts on Bybit and OKX took a clear beating.
Binance saw $1.37 million in liquidations, accounting for 60% of the total this hour: $698,786 in long positions and $673,548 in short positions, with little difference between the two sides. Bybit saw $370,000 liquidated, including $275,000 in shorts; OKX saw $280,000 liquidated, with shorts making up nearly 60% as well. Those chasing the drop had a rougher time.
Hyperliquid had only 2 trades, totaling $29,700, but both were shorts. The volume was small, but the direction matched Bybit and OKX.
$BTC $ETH
Are you on the long or short side this hour?
View in real time: https://www.coinboss.com/liquidations