COAI fell about 7% on both exchanges, while roughly 84% of accounts were long. Nearly all liquidations over the past day were long positions—about $9,230 in longs versus just $0.54 in shorts, a gap of nearly 17,000 to 1.
Binance: about $0.24410000 (-7.2220%); OKX: about $0.24380000 (-7.1592%). Over 24 hours, long liquidations totaled about $9,230 and short liquidations about $0.54, for roughly $9,231 across 30 liquidations. Open interest was about 2.59 million on Binance and 750,000 on OKX. Binance funding was slightly positive, near zero. The long/short account ratio was about 83.6%/16.4%.
More than 80% of accounts are long, yet nearly all liquidations during the gradual sell-off were long positions—suggesting that leveraged bullish positions were targeted first, rather than the move being driven by short sellers.
The account was already over 80%—why did a gentle 7% drop still push long liquidations to nearly 17,000 times, while shorts were left with only half a dollar?
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