Binance’s SNX funding rate is still positive, while OKX has dipped to around -0.013%. Yet longs account for about 66% of accounts, and prices on both exchanges are down around 3%. Over 24 hours, about $39.9K in longs and $1.4K in shorts were liquidated—a roughly 28-to-1 difference, with liquidations hitting almost exclusively the long side.

Binance: about $0.19500000 (-2.9850%); OKX: about $0.19510000 (-2.8870%). Over 24 hours, about $39.9K in longs and $1.4K in shorts were liquidated, totaling about $41.3K across 39 trades. Open interest: about 2.24 million on Binance and 500,000 on OKX. Funding rates: about +0.006906% on Binance and -0.013301% on OKX, pointing in opposite directions. The long/short account ratio is about 66.2%/33.8%.

Funding is negative, with long accounts at around 66%. Even during the pullback, longs are still the first to get liquidated—bullish positioning meets negative OKX funding, and highly leveraged longs get squeezed first.

#SNX #资金费率 #持仓量 #LongShortRatio

With OKX funding rates turning negative and longs still making up 66%, will the 28x liquidation imbalance continue to widen on the long side?

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