**🚨 $74.6M Wiped in 24H: Liquidation Heatmap Flashes Sea of Flushed Longs Across Major Exchanges 📊🩸**
Derivatives markets witnessed another sharp deleveraging event over the last 24 hours, with long positions getting wiped across almost every major venue:
* **Total 24H Liquidations ($74.65M):** Over **$74.65M** in leveraged positions were cleared out as downside pressure triggered stop cascades across order books.
* **Binance Leads the Board ($41.55M):** Binance accounted for more than 55% of total liquidation volume, with **67.0% coming from long positions** ($41.55M total).
* **Heavy Long Pain Across Top Venues:** Bybit recorded **$11.88M** in wiped contracts (52.4% longs), OKX cleared **$6.08M** (75.5% longs), and on-chain DEX Hyperliquid saw an extreme **98.4% long flush** ($4.28M).
* **HTX Counter-Trend:** HTX stood out as the sole major venue where bears took the hit, with **71.4% short liquidations** ($1.04M total).
**Market Takeaway:**
The overwhelming dominance of long liquidations highlights dip-buyers jumping into leverage prematurely. While painful for margin traders, flushing out excessive long open interest helps normalize funding rates and removes fragile leverage from the system, creating room for cleaner spot accumulation.
$BTC $ETH $BNB
#trading #Binance #CryptoMarket #defi #BinanceSquare
Derivatives markets witnessed another sharp deleveraging event over the last 24 hours, with long positions getting wiped across almost every major venue:
* **Total 24H Liquidations ($74.65M):** Over **$74.65M** in leveraged positions were cleared out as downside pressure triggered stop cascades across order books.
* **Binance Leads the Board ($41.55M):** Binance accounted for more than 55% of total liquidation volume, with **67.0% coming from long positions** ($41.55M total).
* **Heavy Long Pain Across Top Venues:** Bybit recorded **$11.88M** in wiped contracts (52.4% longs), OKX cleared **$6.08M** (75.5% longs), and on-chain DEX Hyperliquid saw an extreme **98.4% long flush** ($4.28M).
* **HTX Counter-Trend:** HTX stood out as the sole major venue where bears took the hit, with **71.4% short liquidations** ($1.04M total).
**Market Takeaway:**
The overwhelming dominance of long liquidations highlights dip-buyers jumping into leverage prematurely. While painful for margin traders, flushing out excessive long open interest helps normalize funding rates and removes fragile leverage from the system, creating room for cleaner spot accumulation.
$BTC $ETH $BNB
#trading #Binance #CryptoMarket #defi #BinanceSquare
