$HYPE is down only about 3% over the past 24 hours, yet long liquidations were nearly 17 times higher than short liquidations—is the scale of the liquidations in line with the price drop?

#HYPE #合约行情 #多空比 #Liquidations

Long liquidations were about $3.752 million, versus roughly $216,000 for shorts—about 17.3 times as much. The current price is around 76.22 on Binance and 76.23 on OKX, with the two exchanges closely aligned. It’s down about 2.93%/3.03% over 24 hours.

Total futures open interest is about 323 million on Binance and 102 million on OKX. Accounts are skewed long, with longs at about 59.0%. The funding rate is around -0.0251%, so it’s negative.

Down only about 3%, yet nearly 17 times more longs were liquidated, and funding is still negative—do you think longs were caught off guard, or are shorts still using the funding rate to keep the pressure on?

View in real time: https://www.coinboss.com/currencies/HYPE