Bottom line: RLC saw $270,000 in liquidations over the past hour, with shorts accounting for 65%. But $95,000 worth of longs were liquidated too, so a one-sided trend hasn’t emerged yet.
Liquidations totaled $2.52 million over the past 4 hours, with shorts accounting for 69%; the 24-hour total reached $10.42 million. Binance accounted for 83% of liquidations in the past hour, with the pressure concentrated in major perpetual futures markets rather than scattered across smaller exchanges.
Shorts have been liquidated repeatedly, showing that some traders are still stubbornly holding on as prices fall. But longs are paying a price too—neither chasing the rally nor buying the dip is easy.
$RLC $BTC
Do you think this RLC move will squeeze shorts first, or will longs keep taking a beating?
View in real time: https://www.coinboss.com/liquidations