XRP saw $9.57 million in liquidations over the past 24 hours, with longs accounting for the vast majority.
According to U.Today, the ratio of long to short liquidations was a striking 3,090%. The broader crypto market was largely stagnant over the same period.
· Longs bore the brunt of this wave of liquidations, with leveraged positions chasing prices higher being the main ones wiped out before prices rose.
· The data covers only the 24-hour total; individual liquidation sizes and distribution were not disclosed, and it does not indicate what direction the market will move next.
Are you more interested in the absolute liquidation amount or in how the long-to-short ratio changes?
$XRP
According to U.Today, the ratio of long to short liquidations was a striking 3,090%. The broader crypto market was largely stagnant over the same period.
· Longs bore the brunt of this wave of liquidations, with leveraged positions chasing prices higher being the main ones wiped out before prices rose.
· The data covers only the 24-hour total; individual liquidation sizes and distribution were not disclosed, and it does not indicate what direction the market will move next.
Are you more interested in the absolute liquidation amount or in how the long-to-short ratio changes?
$XRP
