In Extreme Liquidation Imbalance, XRP Surges 10,409%... Long Positions Suffer Losses of 500 Billion Won
Amid the severe downturn in the cryptocurrency market, XRP faced an unprecedented liquidation imbalance, causing significant losses for long position investors. According to market analysis firm CoinGlass, within the past hour, XRP's long position liquidations amounted to approximately $37.85 million (about 52.6 billion won), while short positions were only $360,000 (about 500 million won). This represents a liquidation deviation rate of 10,409%, analyzed as one of the most imbalanced movements in the recent cryptocurrency market.
This crash occurred when XRP dropped from $3.38 to $3.26 in a short time. This sharp decline triggered massive long position liquidations, creating a chain reaction of selling pressure, resulting in total cryptocurrency liquidations of $167.79 million (about 233.4 billion won) in a single time frame.
Notably, this liquidation event reflects XRP's high speculative nature, ranking second in trading volume after Ethereum (ETH). Within 24 hours, XRP-related liquidations totaled $38.21 million (about 53 billion won), while Ethereum showed $44.68 million (about 62.1 billion won). Considering XRP's market capitalization, these figures indicate an overwhelming trading concentration.
A particularly noteworthy point is that the average long position size was over 100 times larger than short positions. Such a trading structure heavily skewed towards long positions can trigger massive liquidations even with minimal price drops, raising serious concerns about market stability. This signals that high-risk investments using excessive leverage have already crossed the danger threshold.
This situation is not limited to XRP. In the entire cryptocurrency market, 175,039 investors lost their positions within 24 hours, with total liquidations reaching $507.85 million (about 705.3 billion won). Long position liquidations accounted for $380.66 million (about 529 billion won), demonstrating the overwhelming majority. This proves the recent market's reckless buying momentum.
Market analysts predominantly view this sharp decline not as an immediate external negative factor, but as a natural adjustment due to cautious sentiment ahead of the upcoming Federal Reserve policy announcement and excessively accumulated long positions. With no major positive news, the excessive speculative long positions can create a financial collapse-level effect even with minimal price movements, demanding investors' heightened awareness of structural risks.
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