A staggering 8,909% liquidation imbalance in XRP futures shook bulls yesterday, with traders losing millions even as prices only fell slightly. This dramatic shift saw over $980,220 wiped from long positions while shorts saw just $11,130 in losses. This extreme imbalance wasn’t a one-time occurrence; the crypto market saw a total of $240.15 million in liquidations across 24 hours, with long positions contributing more than half ($126.34 million), according to CoinGlass. While Bitcoin led the way with the biggest individual liquidation at $4.76 million, XRP’s focus on losses within such a short time frame catapulted it into the top three liquidations for the day. The disparity between losses and actual market movement hints that traders heavily bet on XRP upside scenarios, which didn’t materialize in the face of price drops. It remains unclear whether this is a temporary correction or a larger shift in sentiment. However, such extreme imbalance reflects more about market sentiment and leverage than it does about the asset itself.