Bottom line: XRP saw $252,000 in liquidations over the past hour, 85% of them shorts, but the largest single liquidation was an $80,500 short position that got squeezed out.
Short liquidations totaled $214,300, while longs accounted for just $37,800. The largest liquidation came from OKX, and shorts were also liquidated one after another on Binance and Bybit. Those chasing the downside ended up taking the biggest hit.
Short liquidations totaled $2.589 million over 4 hours, still 2.4 times the long liquidations. In the short term, it’s a repeated shakeout, and one hour of short squeezing isn’t enough to call a reversal. Do you think XRP will continue squeezing shorts, or take another leg down?
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View in real time: https://www.coinboss.com/currencies/XRP