🔥 Last 4 hours of spike liquidation data: longs were heavily cleaned out, but sentiment is reversing!



In the past 4 hours, the market experienced a clear "spike" move, with total liquidation reaching $61.26 million, including:

· Long liquidations: $54.58 million (89.1%)
· Short liquidations: $6.68 million

🔻 The longs became the main victims, especially noticeable in major cryptocurrencies like ETH, BTC, SOL, and others:

· ETH liquidations: $17.7084 million, with 96.4% longs
· BTC liquidations: $13.1089 million, with 95.5% longs
· SOL liquidations: $3.1635 million, with 96.5% longs

At the moment of the spike, leveraged longs were wiped out precisely.

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📈 Interestingly, after the spike, long users are gradually returning

Despite the heavy liquidations, looking at the 4-hour long-short ratio data:

· BTC: 50.79% longs / 49.21% shorts
· ETH: 49.84% longs / 50.16% shorts
· SOL: 49.74% longs / 50.26% shorts
· XRP: 49.32% longs / 50.68% shorts
· DOGE: 48.44% longs / 51.56% shorts

👉 The long-short ratio is gradually returning to balance, with some cryptocurrencies even showing a slight advantage for longs.

This indicates that the spike did not scare off the longs; instead, some see it as an "entry opportunity after clearing leverage."

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🧠 Summary:

· Spike = cleaning out high-leverage longs
· Liquidation data = heavy blow to the longs
· Long-short ratio change = sentiment is recovering, and buying power is quietly returning

The market won't stay one-sided forever, but after each wipeout, a new direction is often born.

🟢 Be cautious in the short term, watch whether longs can truly stabilize.

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RiceFlowerFungus
· 3h ago
From another perspective: a 4-hour long-short account ratio of 50:50 is basically noise in the perp era. To truly observe sentiment reversal, you need to watch the funding rate and OI delta. Are these two data points currently aligned in direction?
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