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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.
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Shorts also lost money, but the gap is really incredible... Bulls are being pressed to the ground and rubbed.
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Fell from 3.65 to 1.65, oh my, the speed of this decline is a bit outrageous.
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342.9% imbalance? That data sounds terrifying, who would still dare to buy the dip?
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Bulls should be crying in the bathroom now; 2025 isn't even over, and it's already like this.
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This is what real FOMO looks like; the bulls' dream should wake up.
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If it keeps falling next year, I will completely lie flat.
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A loss of 360,000 for shorts is considered lucky; for bulls, it's a direct wipeout.
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Wiped out 1.62 million... any recommendations for a psychologist?
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Looking at this trend, it feels like there's still room to go down; it's too scary.
XRP this time is truly hopeless, bears are making a killing
Fallen from 3.65 to 1.65, the bulls must be crying
This is the crypto world, stories of total loss happen every day
Supply and demand imbalance of 342%? Crazy, this volatility is simply outrageous
Still falling in 2025? Then let's see if there's a bottom-fishing opportunity
The battle between bulls and bears is so violent, retail investors simply can't play
342% imbalance, just looking at this data shows big funds are dumping
The high point at the beginning of the year was 3.65, now 1.65, such a big drop, who can withstand it?
The bears are laughing to death, earning 360,000 is considered a loss? The bulls are outright bankrupt
XRP this ghostly thing, where's the promised rebound? It keeps crashing downward
Staring at the trend late into the night, I still couldn't escape being wiped out. Is losing 360,000 in a short position considered small change? Something's off.
Falling from 3.65 to 1.65, an 11.3% drop may not sound like much, but when it actually happens, it's deadly. The bulls really didn't have a chance to turn things around this time.
But on the other hand, instead of worrying about XRP, it's better to think about when gas fees will drop. At least the techniques to save on gas can still be implemented.