$POL is up about 1%, yet over the past 24 hours, long liquidation volume has still outpaced short liquidation volume by about 67 times.
Long liquidations totaled about $62,000, versus roughly $923 for shorts—about 67 times as much, across 48 liquidations in total. The current price is around 0.0915 on both Binance and OKX. The two exchanges are closely aligned, with 24-hour gains of about 0.9% and 0.8%, respectively.
Total futures open interest across exchanges is about $90.29 million: roughly $15.64 million on Binance and $4.71 million on OKX. Longs account for about 57% of positions. The funding rate is around +0.0034%. Prices are edging up, yet longs are being liquidated much more heavily.
The price is up about 1%, yet long liquidations are 67 times higher—is this because longs were more heavily leveraged and got swept out during the rebound, or because shorts were barely squeezed?
View in real time: https://www.coinboss.com/currencies/POL