Breaking: Despite bullish momentum, 24h data shows most of the $298M in liquidations were from longs

Despite bullish momentum, 24h data shows most of the $298M in liquidations were from longs

yet majority of OI is now short.

$ETH led the bloodbath with $98M rekt.

$BTC saw $85M in liquidations.

Hedging? Or something else?

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Source: X


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