TREE NEWS reports: Crypto futures liquidations across exchanges reached $455 million in a single hour, with long positions accounting for $427 million, or roughly 93.7% of the total, while short liquidations were just $28.57 million. Binance led with $263 million, about 58% of the total, followed by Bybit at $68.49 million, Gate at $36.97 million and OKX at $30.7 million, all dominated by longs. HTX was the outlier: over 94% of its $20.1 million in liquidations came from shorts.
Crypto Liquidations Top $455M in One Hour, Longs Take 93.7% Hit
The lopsided long wipeout shows how crowded leveraged positioning had become, with Binance alone driving most of the cascade — a reminder that depth on one venue can amplify system-wide stress. HTX's contrasting short-heavy liquidations suggest its user base was positioned against the move, a divergence worth noting for anyone tracking per-exchange sentiment. Whether the long flush marks capitulation or merely a pause in a broader deleveraging is the open question.
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