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💥 CHIP Liquidation Speed Report: Bulls are being wiped out!
In the past 24 hours, the entire network has liquidated $2.4M, including $1.87M in long positions and only $532k in short positions — a long to short liquidation ratio of over 3.5:1.
Notably, there was $441k liquidated in the past hour, while only $4,532 in short positions. This indicates that during the recent decline, leveraged long positions are rapidly exiting.
Liquidation distribution:
· 1 hour: Longs $436k vs Shorts $4,532
· 4 hours: Longs $494k vs Shorts $23k
· 12 hours: Longs $532k vs Shorts $270k
Positions are gradually being cleared. If the final wave of long liquidations completes, a rebound foundation may have already formed. Stay observant, don’t rush to buy the dip. $CHIP