Liquidations totaled about 6.51 million over the past hour. Binance led with 2.62 million, accounting for 40.3% of the total. But the real eye-opener was the direction: 2.39 million in Binance long liquidations, or 91.1% of its total. Long traders were hurting more than shorts.
Gate saw 1.24 million in liquidations and OKX 970,000, bringing the top three exchanges to about 4.83 million combined. Longs are retreating across multiple platforms, so don’t mistake a pre-market bounce for a reversal.
Are you more worried about further long liquidations, or a sudden short-covering rally?
View in real time: https://www.coinboss.com/liquidations