Conclusion first: Across the whole network in the past 24 hours, $160 million was liquidated. On paper, shorts make up 63%, but that figure is propped up by BTC alone. Take BTC out, and the remaining market accounts for 68% of liquidations coming from longs.
BTC is a short-squeeze machine: In the past 24 hours, $77.29 million was liquidated, and 95.7% was shorts. One upward spike took out all the leveraged short positions.
Altcoins are a meat grinder: SUI saw $5.41 million in liquidations, with 99.4% being longs—shorts only accounted for $32,000. Out of DOT’s $1.7 million liquidations, shorts total only $6,500. For WLD, longs make up 98.6%.
Most gut-wrenching details: SUI and DOT can’t even squeeze into today’s top gainers/losers list. The price hasn’t moved much, yet the long positions that got liquidated were almost one-directional. The leveraged longs that chased in were wiped out root and branch in the big sell-off earlier today. By the time the price comes back, their positions are already gone.
Compared with the gain leaders, ACE is up 24.8% and GPS is up 21.7%. The lively part is the positions that remain. A sideways day for leveraged longs isn’t safe either—whichever side is crowded gets washed out.
Were you shaken out today by that wave of sell-off? Let’s chat in the comments.
Check in real time: https://www.coinboss.com/liquidations