BTC Slide to $79.1K Flips Liq Ledger: Longs 68.7% of 12H

Bitcoin slid to $79,067 late on Monday and took the liquidation ledger down with it: over the past 12 hours, 68.7% of all forced liquidations hit long positions, and the 24-hour window now tilts 56.2% to the long side. BTC is down 0.7% in 24 hours, sitting near the low end of a $78,939 to $80,536 range on Binance, with OKX quoting $79,078 against a $78,920 low.

Liquidations Flip to the Long Side

Exchange liquidation data for the past day shows about $216M in forced closes across roughly 63,000 fills. Longs account for $121.5M of the total, or 56.2%. The shift is sharper the closer the window moves to the present: longs paid 68.7% of the $99.2M wiped in the last 12 hours and 88% of the $8.1M in the last hour. Earlier in the week the pattern ran the other way, with short squeezes in ZEC, TAO and ETH doing most of the damage. Monday's tape reads as a slow bleed for leveraged longs instead, a direction change worth watching after several days where every dip was bought.

BTC Leads the Long Side of the Table

The coin breakdown shows why. BTC racked up $54.7M in liquidations over 24 hours, the most of any asset, and 65% of that total hit longs, about $35.5M across 3,807 forced closes. The fade from an $80,536 high caught traders who bought the breakout; the low printed at $78,939. ETH tells the other story: its $53.5M in liquidations is still 55% short, leftover from the morning squeeze that pushed it to $2,536. The largest single liquidation in the window was a Binance ETH short worth $3.08M at $2,538.95. ETH now trades near $2,485, roughly flat on the day, which shows the two biggest markets are unwinding different sides of the same choppy tape.

Two Venues Carry Two-Thirds of the Wipe

By venue, Binance cleared $89.8M of the past day's liquidations, its book split almost even at 52% longs. OKX followed with $51.3M, 57.7% of it long. Together the two exchanges handled about 65% of the global total. Hyperliquid saw the sharpest change in mix: 68.7% of its $19.5M in liquidations hit longs, a full reversal from the short-heavy skew its books showed this morning, when shorts were paying the overwhelming majority of its fills. Bybit ($18M), Gate ($14.8M) and Bitget ($9.7M) round out the venue list.

What the Flip Means

This looks like a positioning reset rather than a trend break. BTC still sits inside the range it has held since the weekend, and the leveraged longs built during the push from the mid-$76K zone toward $80.5K are the ones being cleaned out. The line that matters is $78,939, Monday's low: losing it would speed up long liquidation and could turn into a quick flush; holding it keeps the door open for fresh longs at cheaper prices. On the upside, $80,536 is the level to reclaim. Funding has cooled along with price, which cuts both ways: less fuel for another squeeze, but also less froth left to unwind if support fails. The practical read is that leverage added near the highs is getting punished, so entries near the bottom of the range carry better risk than chasing names that have already run hard.

Data as of 22:28 Beijing time (14:28 UTC) on September 7, across Binance, OKX, Bybit, Hyperliquid, Gate, Bitget and other major exchanges.