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XRP long positions liquidated for $1.62 million, and shorts also couldn't escape unscathed
【Crypto World】Many XRP traders have been caught off guard in the past two days. Some people’s $1.62 million long positions were directly wiped out, while shorts, although also losing money, only suffered losses of over $360,000. This situation caused a supply-demand imbalance of up to 342.9%—the violence of the long-short battle is evident.
Looking at the price trend, this year’s situation has been quite disappointing. XRP has fallen from a high of $3.65 at the beginning of the year, now hovering around the recent low of $1.65, with a total decline of 11.3%. If this trend continues, 2025 might end with further declines. This wave of market movement is indeed tough for the bulls, as the market’s bearish forces currently hold a clear advantage.