The percentage of long liquidations, i.e. long liquidations / (long liquidations + short liquidations). 50% means that there have been an equal amount of long and short liquidations. Values above 50% indicate more longs liquidated, values below 50% more short liquidated.

This is the Point-in-Time (PiT) variant of Futures Long Liquidations Dominance. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.