in the last 24 hours
$696.7M worth of positions liquidated
Around 198k traders removed from the market
💡 Most of these liquidations were long positions.
📊 Breakdown:
1h: $359M (mostly longs)
4h: $395M (long pressure dominates)
12h: $446.9M
24h: $696.7M
Longs: $594.3M
Shorts: $102.4M
🔹 Quick Analysis
This shows the market has aggressively cleared leveraged longs after a sharp downward move.
Usually after such a wave:
Leverages reset
Market stabilizes
Conditions ready for the next move or high volatility ⚡
💬 Question for you (engagement):
Do you think this correction is the start of a bigger downtrend or just a leveraged reset?#Liquidations #BinanceSquare