XRP Hit by 2008% Liquidation Imbalance as Market Selloff Intensifies
Photo: U.Today
XRP fell early Saturday amid an ongoing market selloff, which left leveraged bullish traders facing forced liquidations, leading to a 2,008% imbalance. A liquidation imbalance of this size indicates that traders betting on higher XRP prices are being liquidated at a substantially greater rate than those betting on further declines. In this context, XRP's total liquidations came in at $7.92 million: long positions came in at $7.55 million while shorts came in at $375,910, according to CoinGlass data . This yields a liquidation imbalance of 2,008%.
Source: U.Today
