Crypto derivatives traders face mounting long-side liquidations as leverage risk concentrates

Crypto derivatives data shows mounting leverage stress, with long-side liquidations repeatedly outpacing shorts while spot prices remain range-bound. Recent figures reveal a single hourly event wiping out over $230 million in long positions compared with less than $5 million in shorts, and platforms like Binance and Hyperliquid recording the bulk of these forced unwinds, underscoring growing downside sensitivity.