PONS softened by about 5%, but over the 24-hour window roughly $459,000 in longs were liquidated versus about $5,600 in shorts—a liquidation gap of roughly 82 times. The price dip was modest, yet liquidations landed almost entirely on longs.

Binance: about $0.2300 (-4.8800%); OKX: about $0.2297 (-4.9648%). Over 24 hours, about $459,000 in longs and $5,600 in shorts were liquidated, totaling roughly $465,000 across 389 liquidations. Over 12 hours, about $800 in longs and $5,100 in shorts were liquidated. Open interest: about 21.19 million on Binance and 7.26 million on OKX; Binance’s funding rate was slightly positive, at about 0.005%.

The drop wasn’t extreme, yet liquidations were almost entirely one-sided toward longs throughout the day—more like leveraged long positions being stopped out in stages during a slow bleed than a short squeeze caused by shorts giving way first.

#PONS #爆仓 #合约行情 #Open Interest

A drop of just ~5% wiped out about 81 times as many longs as shorts—is this a PONS long-chasing liquidation cascade, or clustered liquidations amid thin liquidity?

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