ORDI fell just over 1.5% on both exchanges, yet nearly all liquidations over the past day were longs—about $96,666 in longs versus roughly $5 in shorts, an imbalance of about 18,880 to 1.

Binance: about $3.51000000 (-1.7080%); OKX: about $3.51200000 (-1.7348%). Over 24 hours, long liquidations totaled about $96,666 and short liquidations about $5, for a combined total of about $96,671 across 47 trades. Open interest: about 6.11 million on Binance and 3.06 million on OKX; account long/short ratio: about 57.4%/42.6%. Funding rates: about +0.000006 on Binance and -0.000072 on OKX.

The price was only pushed down a little over 1.5%, yet liquidations were almost entirely longs—this looks more like crowded long positions getting caught out during a shallow pullback than two-way liquidations triggered by a deep plunge.

#ORDI #价仓背离 #多空比 #Liquidations

The price is down just over 1.5%, yet long liquidations are skewed by about 18,880x—is this a shallow pullback flushing leverage, or is the positioning structure itself fragile?

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