Over the past 4 hours, Binance futures liquidations totaled $18.89 million, with long positions accounting for 90.3%. This round was basically a flush of long positions.
The largest liquidation concentration was at $BTC , totaling $6.73 million.
After the one-sided long positions are cleared out, leverage levels may be healthier, but sentiment will take time to recover.

Don't take this as investment advice.