XRP Rockets 10,409% in Extreme Liquidation Imbalance
Main Idea
XRP experienced a significant liquidation imbalance with long positions losing $37.85 million compared to $360,000 from shorts, resulting in a 10,409% imbalance during a price drop.
Key Points
1. XRP's liquidation imbalance reached 10,409% as long positions lost $37.85 million versus $360,000 from shorts.
2. The liquidation wave occurred when XRP dropped from $3.38 to $3.26.
3. Total crypto liquidations during the event amounted to $167.79 million in one hour.
4. Across the broader cryptocurrency market, 175,039 traders faced liquidations in 24 hours, totaling $507.85 million, with long positions accounting for $380.66 million.
5. XRP's 24-hour trading volume was $38.21 million, second only to Ethereum's $44.68 million among popular trading options.
Description
XRP bulls lose $38 million in 10,409% liquidation imbalance
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