ATOM accounts are split almost 50/50 between longs and shorts, and funding rates on both exchanges remain negative. Yet over four hours, about $153,000 in longs were liquidated versus only about $1,100 in shorts—a gap of nearly 137x. Positions aren’t extreme, and funding isn’t squeezing longs, but liquidations are overwhelmingly one-sided.

Binance: about $1.627 (-7.6090%); OKX: about $1.627 (-7.6093%). Over four hours, long liquidations totaled about $153,000 and short liquidations about $1,100, for roughly $154,000 across 99 liquidations. Over 12 hours, the gap narrowed to about 39x; over 24 hours, total liquidations were about $390,000, with a gap of about 13x. Open interest: about $19.67 million on Binance, $4.08 million on OKX, and $110 million market-wide. The account long/short ratio is about 50:50, and the average funding rate is negative.

Accounts are split evenly, and the funding rate is hovering at a discount, yet nearly all liquidations over the short term are longs—this looks more like highly leveraged long positions being heavily trimmed during the decline than a collective short squeeze after shorts gained the upper hand.

#ATOM #持仓量 #资金费率 #LongShortRatio

Positions are split 50/50 and the funding rate is still at a discount, yet the 4-hour liquidation imbalance is over 100x. Do you think the remaining long positions are excessively leveraged, or did liquidity dry up on the long side first during the decline?

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