181% Liquidation Imbalance Stuns XRP as Crypto Bloodbath Thickens
The crypto market has continued downward, with the combined capitalization down by 2.3% to $3.25 trillion. XRP has recorded an intense liquidation over the past 24 hours by joining the bearish bandwagon. Per CoinGlass data, XRP has recorded a total liquidation of $14,815,180, thumping many altcoins amid the asset’s over-leveraging.
XRP liquidation imbalance at play
According to the CoinGlass data, long position traders suffered the most losses, with a total exposure valued at $14,120,000. The short position traders’ exposure was $695,180. This total represents a 181% liquidation imbalance, suggesting a difference in market expectations.
