The takeaway: U.S. stocks saw $14.69 million in liquidations over the past hour. Long positions accounted for $11.41 million, or 77.7%, with no sign yet of shorts taking the lead.

Stocks were the main battleground, with $11.71 million in liquidations, or about 79.7% of the total across traditional assets. Long positions lost $8.486 million, suggesting that momentum-chasing positions were squeezed out first; shorts also saw $3.226 million liquidated, so the market was not a one-sided rout.

Gold and other commodities saw a combined $2.754 million in liquidations, including $2.707 million in long positions, indicating that liquidations were more heavily skewed toward longs. Index liquidations totaled $134,000, while forex saw just $64,000. Current pressure is clearly concentrated in stocks and commodities.

This data looks more like long-side deleveraging, and isn’t enough on its own to signal a trend reversal. If long liquidations continue to mount, that would suggest buyers are coming under pressure; if short liquidations pick up, the market could see liquidations sweeping both sides.

Do you think this move in U.S. stocks is a pullback shaking out positions, or are the bulls not done taking a beating yet?

View in real time: https://www.coinboss.com/tradfi-liquidations