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According to Binance market data, EDGE dropped from $1.1424 to $0.6115 during the latest 4-hour candle — a 46.80% decline. The token briefly touched a low of $0.3208 before partially rebounding.
CoinGlass data shows total EDGE liquidations reached approximately $2.81 million over the past hour, split between $1.96 million in long liquidations and $849,280 in shorts. The roughly 70/30 long-to-short ratio indicates leveraged longs were caught offsides during the cascade, with shorts contributing meaningfully but secondary to the forced buy-in dynamics that amplified the move.
Why it matters
A near-50% flush on a single 4-hour candle, paired with a clear long-skewed liquidation book, is the signature of a leverage flush rather than organic selling pressure. EDGE's liquidity profile sits in the low-cap altcoin range, where shallow order books let cascading liquidations magnify spot moves well beyond what fundamentals would justify.
Market impact
The rebound from $0.3208 back toward $0.61 suggests forced short-covering, not a fundamental re-rating. Traders watching EDGE should monitor whether liquidation volume cools and whether the price can hold above the pre-flush range — failure to do so typically invites a second-leg retest of the lows.
Source: [EDGE Liquidations: Definitive Futures Long & Short Data & Charts | CoinGlass](https://www.coinglass.com/liquidations/EDGE)
Frequently asked questions
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How much did EDGE drop on Binance?
According to Binance market data, EDGE fell from $1.1424 to $0.6115 during the latest 4-hour candle, a 46.80% decline. The token briefly touched a low of $0.3208 before partially rebounding.
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What were the total EDGE liquidations in the past hour?
CoinGlass data shows total EDGE liquidations reached approximately $2.81 million over the past hour, including $1.96 million in long liquidations and $849,280 in short liquidations.
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What is the long-to-short ratio of EDGE liquidations?
Long liquidations accounted for roughly $1.96M, or about 70% of the total, while shorts contributed $849,280 — roughly 30%. The skew indicates leveraged long positions were caught offsides during the cascade.
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Why did EDGE drop 47% in a single 4-hour candle?
The shape of the move — a near-50% drop paired with a long-skewed liquidation book — is the signature of a leverage flush rather than organic selling. Low-cap altcoin order books let cascading liquidations amplify spot moves well beyond fundamentals.
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What does the EDGE rebound from $0.3208 mean?
The recovery from $0.3208 back toward $0.61 looks like forced short-covering rather than a fundamental re-rating. Whether EDGE holds above the pre-flush range will determine whether a second-leg retest of the lows follows.
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