$LAB plunged about 9%, and over the past 24 hours, long liquidations have already reached nearly 577 times the volume of short liquidations, even as accounts remain tilted long.
Long liquidations totaled about $315,000, versus roughly $500 for shorts—a ratio of about 576.5 to 1. The current price is around 0.03981 on Binance and 0.03979 on OKX, with the two exchanges in close alignment. Over 24 hours, the price is down about 8.71%/8.72%.
Total futures open interest is about 8.882 million on Binance and 2.664 million on OKX. Accounts are tilted long, with longs making up about 65.1%. The funding rate is slightly positive at around 0.0046%.
The price plunged about 9%, yet long liquidations outnumbered short liquidations by nearly 577 to 1. Do you think leveraged longs were flushed out in a concentrated wave, or is the decline not over yet?
View in real time: https://www.coinboss.com/currencies/LAB