$XRP On-chain leveraged lending surged nearly fivefold in half a day, yet the price is still pinned to the floor—bulls borrow money and try to catch a falling knife, and what they catch are nothing but nooses! The long/short ratio is extremely skewed toward longs, but they were still knocked down and lost 40% in one blow. Leveraged longs are being liquidated in droves—this fuel backfires and all burns the air force. The order book has a dominant six-tenths share of active sell orders, with bids being trampled underfoot; the selloff can’t be stopped at all. Bottom-fishing bids are simply coming to deliver heads.