Bottom line: Over the past hour, about $16.66 million in long positions and roughly $610,000 in short positions were liquidated across the market—long liquidations were about 27 times short liquidations. The short window hit longs.
The longer timeframes tell a different story: over the past 4 hours, about $30.47 million in longs and $1.71 million in shorts were liquidated; over the past 24 hours, about $164 million in longs and $216 million in shorts, totaling roughly $381 million. Shorts were ahead by a considerable margin. For comparison, BTC was around 82,220 on Binance and 82,224 on OKX; ETH was around 2,427.3 on both Binance and OKX.
A cluster of liquidations among longs in the short window doesn't mean shorts are dominant over the longer window; switch the timeframe and the story flips.
Do you think this is a short-term liquidation cascade, or has the aftermath of the 24-hour short squeeze not yet cleared?
View in real time: https://www.coinboss.com/liquidations