AVAX funding rates are still slightly negative, while over 60% of accounts are long. In the past hour, liquidations have been almost entirely on the long side—the long-short liquidation gap has ballooned to the order of 10,000 times.

Binance: about $8.790 (-3.8290%); OKX: about $8.789 (-3.8087%). Over 1 hour, long liquidations were about $1.008 million and short liquidations about $0; over 4 hours, long liquidations were about $1.008 million and short liquidations only about $129, a gap of roughly 7,818 times. Open interest: about 86.59 million on Binance and 13.64 million on OKX; the account long-short ratio is roughly 63:37.

Funding rates aren't pushing longs to exit, yet the position structure is overwhelmingly skewed toward long liquidations—in this short window, it looks more like leveraged longs getting caught by slippage than a head-to-head battle led by shorts.

#AVAX #资金费率 #持仓量 #LongShortRatio

Funding rates are slightly negative, accounts are skewed long, yet in the past hour almost only long positions were liquidated. These three signals are at odds—what do you think is more likely: excessive leverage or a sudden withdrawal of liquidity from the order book?

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