WuBlockchain
EDGE collapsed 46.80% within a single 4-hour candle on Binance, sliding from $1.1424 to $0.6115 before briefly touching a low of $0.3208 — a drawdown of more than 70% from the candle open at its worst point. The token has since rebounded off that floor, but the damage to leveraged positions was swift and severe.
Why it matters
CoinGlass data shows total EDGE liquidations reached approximately $2.81 million in the past hour alone, with long liquidations accounting for the bulk at $1.96 million versus $849,280 in short liquidations. The lopsided long-to-short ratio confirms the move caught the majority of leveraged traders positioned for continuation to the upside — a classic over-leveraged long flush.
Market impact
For a token of EDGE's size, $2.81 million in hourly liquidations is a structurally significant event. The cascade from $1.14 to $0.32 suggests thin order book depth amplified the initial sell pressure into a liquidation spiral. Traders watching EDGE should note that post-flush rebounds often see a secondary retest of the lows as forced sellers are replaced by cautious re-entry — the $0.32 wick is now the key support level to hold.
Source: [EDGE Liquidations: Definitive Futures Long & Short Data & Charts | CoinGlass](https://www.coinglass.com/liquidations/EDGE)
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