The conclusion first: Q saw $9.036 million in liquidations over the past 24 hours, with shorts accounting for 76.3%. The largest single short liquidation was $353,000, and those chasing the drop were swept out first.
Total liquidations across the market over 24 hours reached $379 million: $128 million for ETH, $80.79 million for BTC, and $18.73 million for ZEC. Q ranked lower, but had a higher share of short liquidations, making the direction more striking than the total.
Q saw $2.144 million in long liquidations and $6.892 million in short liquidations; over the most recent 4 hours, however, it reversed, with $679,000 in long liquidations and $360,000 in short liquidations. This suggests the liquidation trend has just shifted from a short squeeze to a long shakeout.
The largest single liquidation was a Q short position on Aster, worth $353,000. Shorts were liquidated first, then longs followed, so short-term traders chasing moves should beware of getting caught on either side in turn.
$Q
Q’s liquidation direction has already reversed. Will you wait for volatility to settle, or keep trading short-term?
View in real time: https://www.coinboss.com/currencies/Q