Bottom line: about $46.41 million was liquidated in the past hour, with longs accounting for 99.4%. Binance had the highest amount, but on-chain contracts are also taking a hit.
Binance saw $14.8 million in liquidations, about 31.9% of the hourly total; Hyperliquid saw $10.15 million, about 21.9%, almost all of them long positions. OKX saw $11.51 million, indicating that the pressure is concentrated on major platforms rather than being an anomaly at a single exchange.
Shorts only saw about $256,000 in liquidations; longs and shorts weren’t even in the same league. Don’t rush to treat the rebound as a reversal in the short term—first, watch whether the liquidation pace can slow down. Do you think longs will keep getting wiped out over the next hour, or will shorts start taking over?
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View in real time: https://www.coinboss.com/liquidations