Visible liquidations on Binance Futures exceeded $15 million over the past hour, with longs accounting for 97%. This is based on liquidation alerts: for each trading pair, only the latest liquidation each second is counted, so the figures shown are already understated—the actual amount is even higher. I see this as a concentrated flush of long positions, not a clash between longs and shorts. With 97% on one side, I wouldn’t use the liquidation volume from this hour to guess the next move. I’d treat it only as a reminder about market positioning: leveraged longs just took the hardest hit.
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