GRASS rose only about 3%, but in the 12-hour window roughly $20,000 in shorts were liquidated versus about $43 in longs—a liquidation gap of roughly 463x. Prices rose in sync on both exchanges, while liquidations were almost entirely concentrated on the short side.
Binance: about $0.6738 (+2.8230%); OKX: about $0.6732 (+2.9358%). In the 12-hour window, short liquidations totaled about $19,900 versus roughly $40 in longs, for a combined total of about $20,000 across 25 liquidations. Over 24 hours, the picture reversed: about $116,000 in longs and $23,000 in shorts were liquidated. Open interest was about $15.18 million on Binance and $5.64 million on OKX; the long-short account ratio was about 1.52, and Binance’s funding rate was slightly positive at about 0.005%.
Positions aren’t extremely crowded, and funding rates are only slightly positive, yet the 12-hour window first flushed out the shorts—this looks more like short stop-losses being swept in a modest rebound than a collapse in long leverage.
The price rose only about 3%, yet roughly 400 times more shorts were liquidated—do you think this was a wave of GRASS short stop-losses, or a brief liquidity vacuum?
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