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#Bitcoin wiped out the shorts then took out the longs. Brutal.
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đ $272.3M in XRP Shorts Face Liquidation at $3 đ The XRP price is hovering near a critical level that could trigger a massive short squeeze, with $272.3 million worth of short positions at risk of liquidation if XRP breaks $3. Whatâs Happening? 1ď¸âŁ Short Squeeze Incoming? â˘A short squeeze occurs when traders betting against XRP (shorts) are forced to buy back to cover their positions, causing rapid upward price pressure. â˘Data indicates that if XRP hits $3, an estimated $272.3M in short positions will face liquidation, setting the stage for a potential price explosion. 2ď¸âŁ Why $3 is Key â˘$3 marks a critical resistance level, aligning with XRPâs previous all-time high. Breaking this level could unleash massive momentum as shorts are wiped out and bulls take control. â˘Liquidity builds up around this price point, making it a magnet for market movements. 3ď¸âŁ Market Conditions â˘The current market setup favors bullish momentum, with XRP seeing: â˘Rising trading volumes â˘Increased institutional interest in Ripple and XRPL adoption â˘Renewed focus on RLUSD stablecoin developments Why This Matters Short squeezes create a powerful feedback loop: â˘Shorts are liquidated, forcing them to buy back XRP. â˘This sudden buying pressure pushes the price even higher. â˘New buyers flood in as FOMO kicks in, amplifying the upward momentum. With $272.3 million at stake, a break above $3 could trigger a chain reaction, propelling XRP into price discovery territory. Macro Factors at Play â˘Rippleâs Growing Ecosystem: RLUSD, enterprise adoption, and institutional support are driving long-term confidence in XRP. â˘Regulatory Clarity: Rippleâs ongoing success in legal battles has solidified XRP as a compliant and secure digital asset for the future of finance. â˘Global Adoption: XRPLâs role in payments, remittances, and micropayments positions XRP as a cornerstone for the evolving financial system. Key Level to Watch: $3 A breakout above $3 could not only liquidate the shorts but also ignite a new bullish phase for XRP.
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#usdtâď¸đŞđş Tether to Burst into the European Market, But Under Different Brands - coindesk Tether has begun actively supporting stablecoins in the EU. This is the second time a USDT issuer has invested in a European stablecoin issuer that complies with the new MiCA rules (this time in StablR). StablR issues regulated stablecoin EURR. ++ Tether and Quantoz Payments to issue EURQ and USDQ stablecoins.
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A trader made an incredible 36,984 $SOL($8.36M) profit by trading $PENGU in less than 20 minutes. As soon as $PENGU launched, the trader spent 23,742 $SOL($5.36M) to buy 239.6M $PENGU and later sold it for 60,726 $SOL($13.72M). A massive profit!đą
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đ¨ Volatility Alert There's now a 97% chance that the FED will cut rates by another 25bps during the next FOMC meeting in 1 day! This is extremely bullish for #Bitcoin!đ âłÂ Countdown đ
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