CFX plunged about 10%, while accounts were nearly 60% skewed short. Yet over four hours, about $145,000 in longs were liquidated, while short liquidations were zero—the positioning looks short-biased, but there’s no sign of shorts being squeezed.

Binance: about $0.04747 (-9.8560%); OKX: about $0.04749 (-9.8348%). Over four hours, long liquidations totaled about $145,000 and short liquidations were zero, for a total of about $145,000 across 72 trades. The gap widened to about 1,623x over 12 hours, then narrowed to about 7x when the 24-hour total reached roughly $260,000. Open interest was about 5.56 million on Binance and 2.10 million on OKX; the long/short ratio by account was about 43:57, and the funding rate was slightly positive.

The price has taken a sharp hit, yet accounts are skewed short, while liquidations over the short window are almost entirely on the long side. This looks more like highly leveraged longs being liquidated as the price fell, rather than a mass short squeeze after shorts had already gained the upper hand.

#CFX #爆仓 #多空比 #Perpetual Market

Positions are skewed short, and funding rates aren’t extreme, yet there are no short liquidations visible on the 4-hour chart. Do you think this is a cascade of high-leverage longs getting liquidated, or did liquidity dry up on the long side first during the decline?

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