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XRP Prints 54,781% Liquidation Imbalance in Crazy Hourly Shorts Bloodbath
In a stunning turn of events, Ripple’s XRP has experienced one of the most significant hourly liquidation imbalances in recent memory. According to CoinGlass data, short position traders suffered a staggering $281,180 loss within a mere 60 minutes as the asset surged from $3.21 to $3.36.
This unprecedented imbalance, marked by an astonishing 54,781% increase in liquidation, is a testament to the intense volatility and uncertainty in the cryptocurrency market. The rapid price rise has forced short sellers to hastily close their positions, resulting in this extraordinary display of liquidation activity.
As XRP’s value continued its ascent, long position traders also recorded losses, with a total of $67,910 wiped out during this chaotic hour. This unprecedented event is likely to be met with significant interest and attention from market participants and analysts alike.
Source: u.today
