XRP experienced one of the most dramatic liquidation imbalances observed in the market within the last hour, with long positions bearing the brunt of the losses. Of the $792,320 total liquidations, a staggering $779,070 stemmed from long positions, while only $13,250 came from shorts. This translates to an extraordinary long-to-short liquidation ratio of 5,840%, marking it as the most skewed liquidation event among major tokens during this period.
Surprisingly, XRP’s liquidation volume exceeded that of Bitcoin, which recorded $574,690 in liquidations over the same timeframe without any significant directional bias. Given Bitcoin’s usual dominance in these metrics, XRP leading both in volume and imbalance signals significant overexposure on the long side.
Overall, the market saw $15.34 million in liquidations during the hour, predominantly long positions totaling $13.32 million, compared to $2.02 million from shorts. While the market was already leaning toward long-side risk, XRP’s liquidation pattern intensified this trend with almost negligible short position liquidations.
Notably, XRP’s price remained relatively stable, fluctuating narrowly between $2.58 and $2.61 without any sharp declines. This suggests that the liquidation surge was driven less by a sudden sell-off and more by tight leverage and poorly managed positions, where minor price shifts triggered margin calls.
Such liquidation patterns typically indicate overcrowded trades with excessive leverage, where a small price movement can quickly force position unwinds. Though the overall financial impact is modest, the scale and imbalance of XRP’s liquidations highlight ongoing market fragility—particularly in leveraged altcoin trading.
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