The takeaway: $803 million in liquidations across the market in 24 hours, with Binance, OKX, and Hyperliquid alone accounting for 75%. Liquidations were concentrated on the top platforms.
Binance saw $348 million in liquidations, or 43% of the total: $297 million in long positions and just $51.52 million in shorts. OKX saw $138 million in liquidations and Hyperliquid $116 million. The three platforms totaled $603 million, with long positions chasing the rally taking most of the hit.
67,000 liquidations led to this result. Before chasing the rally, check whether long leverage has come down.
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With liquidations so concentrated on top platforms, do you think longs will keep getting squeezed?
View live: https://www.coinboss.com/liquidations