XRP Breaks Market Records: Liquidations So Extreme They Outdid Bitcoin

A dramatic liquidity imbalance has shaken the cryptocurrency market, with XRP experiencing a 5,840% long-to-short ratio – far surpassing even Bitcoin in magnitude. The surge highlights a concerning phenomenon: traders heavily invested in XRP have been hit hard as their positions were liquidated, leaving behind a record of $792,320 in losses, primarily from longs. In contrast, only a minuscule $13,250 was lost on shorts. This extreme imbalance has caused XRP to surpass Bitcoin in total liquidations for the hour, highlighting an unexpected dynamic where short positions played minimal roles.