Over the past 24 hours, about $183,000 in XLM longs were liquidated, compared with roughly $4,000 in shorts—about 42 times as much, across 100 liquidations. Nearly all the liquidations hit longs.
Current price: around 0.1764 on Binance and 0.17639 on OKX, with the two exchanges closely aligned. It’s down only about 1.1% over 24 hours. Prices barely moved, but leveraged longs were hit hard first. The largest single long liquidation was about $94,000, on Hyperliquid.
Funding rates are around +0.0062% on Binance and +0.0100% on Bybit, so longs are still paying. Total futures open interest is about $175 million, including roughly $37.69 million on Binance and $10.19 million on OKX. In a market down about 1%, longs were liquidated at 42 times the rate of shorts—is this crack going to widen as prices fall, or will longs cut their leverage first?
View in real time: https://www.coinboss.com/currencies/XLM