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#MarketCorrectionBuyOrHODL $782M Liquidation Tsunami Punishes XRP Rally: Has It Bottomed Out?👇✅ $XRP $BNB $BTC Over the past 24 hours, the cryptocurrency market has been hit by a tsunami of liquidations, which has wiped out nearly $800 million worth of trader positions. Digging deeper into CoinGlass data, it becomes clear that most of them, nearly 84%, came from long positions. Additionally, one of the most notable instances of large-scale trader destruction in the past is the situation with derivatives trading on XRP, the third-largest cryptocurrency at the moment. Over the past 24 hours, $30.75 million worth of long positions and $10.94 million worth of short positions were liquidated in XRP perpetual futures trading. At the same time, the surge in liquidations by bearish traders occurred only in the last hour, and before that, the liquidation imbalance reached more than 1000%. As a result, XRP currently occupies the top spot in the market in terms of liquidation, which on the one hand demonstrates the growing interest in the cryptocurrency as a trading instrument, and on the other hand shows its price trends.
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$BNB $782M Liquidation Tsunami Punishes XRP Rally: Has It Bottomed Out?👇✅ $XRP $BNB $BTC Over the past 24 hours, the cryptocurrency market has been hit by a tsunami of liquidations, which has wiped out nearly $800 million worth of trader positions. Digging deeper into CoinGlass data, it becomes clear that most of them, nearly 84%, came from long positions. Additionally, one of the most notable instances of large-scale trader destruction in the past is the situation with derivatives trading on XRP, the third-largest cryptocurrency at the moment. Over the past 24 hours, $30.75 million worth of long positions and $10.94 million worth of short positions were liquidated in XRP perpetual futures trading. At the same time, the surge in liquidations by bearish traders occurred only in the last hour, and before that, the liquidation imbalance reached more than 1000%. As a result, XRP currently occupies the top spot in the market in terms of liquidation, which on the one hand demonstrates the growing interest in the cryptocurrency as a trading instrument, and on the other hand shows its price trends.
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#MarketPullback Seems like coins are going into danger zone. We will see what happens in the next few hours. If you are a spot trader, you are hopefully safe, just hold and wait. Earlier this year we have faced the dips, which were difficult than this one. I hope we will get through this one as well. You are not alone, we are all together in this. Coin pairs with usdt is give you oxygen to breathe #MarketCorrectionBuyOrHODL?
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#MarketPullback You know altcoins season is near when things are starting to go down for unknown reasons. But the question is do you have enough resources to accumulate more at a discounted price? that's why next time, always take 75% profit, then leave the 25% as moonbags take profit, stake/provide in liquidity pools, touch grass, get rich #MarketCorrectionBuyOrHODL?
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#BinanceAlpha
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