A post by @BlockBeatsAsia on X.

Crypto markets saw a fresh wave of long liquidations, with $955 million in total liquidations over the past four hours, of which $870 million—about 91%—were long positions, according to Coinglass data cited by BlockBeats. Over the past 24 hours, 183,302 traders were liquidated for a cumulative $1.623 billion. The lopsided long-to-short ratio ($87 million longs versus $84.63 million shorts in the four-hour window) signals a crowded bullish positioning being flushed out. The scale of the cascade matters because it can amplify spot selling and deepen drawdowns across major tokens. Traders will watch whether funding rates reset and open interest stabilizes, or whether further forced deleveraging extends the move.