清算君

Over the past 24 hours, DOGE saw $10.51 million in liquidations across all exchanges, including $9.85 million in longs, or 93.8%, and just $650,000 in shorts. That means that for every $100 in liquidations, $94 came from longs.
This isn't just a setback for longs; it's a one-sided rout.
But DOGE isn't the asset posing the greatest risk right now.
DOGE longs have already gone through a concentrated washout, with the most vulnerable leveraged positions flushed out. The real cause for concern is XRP.
XRP saw $14.15 million in liquidations over 24 hours: $12.5 million in longs and $1.65 million in shorts, with longs accounting for 88%. Longs are also under sustained pressure.

There was an unusual signal in today's market: **liquidation amounts fell, but leverage sentiment showed no signs of cooling.**
Over the past 24 hours, $85.57 million in positions were liquidated across the market.
Long liquidations totaled $52.86 million, and short liquidations $32.71 million.
Compared with the billions in liquidations over the past few days, this round looks much milder.
Breaking it down by coin, BTC shorts were the ones taking a hit:
Bitcoin short liquidations totaled $9.716 million, while long liquidations came to just $3.87 million.
Shorts have only just been liquidated on BTC, while some longs on the other side are still holding on.
Take a closer look at SOL:
It is currently at $94.85, down 7.63% over 24 hours—one of the steepest declines among major coins.

#BTC走势分析 Total liquidations across the market over the past 24 hours reached $319 million, including $233 million in long liquidations and $85.8 million in short liquidations.#BTC突破7万大关
BTC breakdown: $66.21 million in long liquidations and $40.99 million in short liquidations.
The conclusion is clear: in this selloff, leveraged longs were the primary side liquidated.
But the key takeaway from today's market is **not the liquidation amount, but the positioning structure after the liquidations**.
I. Where the damage was: longs bore the brunt of liquidations
Breaking down the liquidation data: of the $319 million in total liquidations, over 70% were long positions; for BTC specifically, long liquidations were also significantly higher than short liquidations.