XRP Faces Harsh Liquidation Blow as Market Shows Subtle Bearish Shift 📉
Despite a seemingly calm exterior, the crypto market is enduring intense undercurrents. Over the past 24 hours, a total of $229.74 million in crypto perpetual futures have been liquidated, as reported by CoinGlass, with long positions contributing a substantial $160.9 million to this figure. This points to an evident bearish sentiment, especially concerning XRP.
XRP traders have faced significant losses, with $12.31 million in liquidations, of which only a minor $963,050 was from short positions. This indicates a staggering 1,178% imbalance between long and short liquidations, highlighting overwhelming optimism from XRP bulls amidst a modest 5% market drop.
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