33,928% Liquidation Imbalance Engulfs XRP – Short Traders Hit Hard

A staggering 33,928% liquidation imbalance has recently shaken the XRP market. In just one hour alone, around $248,000 in liquidations on perpetual futures with altcoins emerged. A closer look reveals that nearly the entire figure of $247,400 stemmed from short positions held by traders looking to profit from the asset’s decline. On the other hand, long-term investors accounted for a comparatively paltry $728 in losses, resulting in an extreme imbalance that shocked the market.