Approximately $40.36 million worth of XRP positions were liquidated within a 12-hour window, marking one of the sharpest short-term leverage flushes in recent weeks. This was not a routine pullback—it was a rapid deleveraging event driven by aggressive price movement.
🔍 Key breakdown
Over 96% of liquidations were long positions, indicating a strong bullish bias that was abruptly unwound.
The move resembled a classic long squeeze, where a key support break triggered cascading liquidations.
Across the broader crypto market, total liquidations reached $874 million, with XRP accounting for a notable share.
🐳 Who benefited? While retail traders absorbed the losses, liquidity providers, exchanges, and large players were positioned to benefit from forced selling, fees, and discounted entries—highlighting the asymmetric nature of leveraged markets.
⚠️ The bigger question When tens of millions can be erased within hours after a single level fails, it raises concerns about whether price action reflects organic demand—or a system optimized to extract leverage from smaller participants.
📌 Bottom line:
This was more than volatility. It was a real-time wealth transfer, reinforcing the risks of excessive leverage in crypto markets.
💬 Your take: Did you manage risk and survive the flush—or did leverage work against you?
