DRAM saw about $19,800 in TradFi liquidations over the past 24 hours, across roughly 7 trades—almost all shorts, with longs near zero. Yet the price still rose nearly 1%.
Price comparison: DRAM at about 47.64 on Binance (+0.761%) and 47.64 on OKX (+0.804%); BTC at about 80,407 on Binance (+0.117%) and 80,403 on OKX (+0.100%).
Price is moving up, yet liquidation orders are overwhelmingly hitting shorts—this looks more like shorts caught on the wrong side and flushed out than a fight between both sides.
The price rose nearly 1%, yet nearly $20,000 in short positions were liquidated. Do you see this as an momentum-driven short squeeze, or had leveraged positions already piled up on the wrong side?
View in real time: https://www.coinboss.com/tradfi-liquidations