There was a huge gap at a rate of 1455 % between long and short strained situations in the XRPTUAL FUTERES market in just one hour. Data from Coinglass The total liquidation in that short period places $ 920,000.
But the real shock? Almost all of that – 93.4 % – came from long sites. This means that about 860,000 dollars have been eliminated, leaving only $ 60,000 linked to the pants.
The most surprising is the fact that XRP did not suffer from a large price collapse. Only 2.7 % decreased. Nothing is very wild. But the merchants were very classified after winning 3 % and went to the long side. But then, in the blink of an eye, everything changed, and these bets began to collapse.
This was not just a problem for XRP. The entire encryption market hair by pressing. In just one hour, $ 27.7 million has been eliminated in positions. This is more than 10 % of the total liquidation over the past 24 hours. The long traders were the most difficult, with losses of 24.41 million dollars, which exceeds $ 3.51 million in short positions.
Why did this happen?
The XRP scheme was sending bullish signals, enhancing the trading bias to go for a long time. But the balance turned with the slowdown of momentum, and what appeared to be a solid strategy that quickly disintegrated. The feelings alone were not enough to keep the prices standing on his feet.
Related
This type of preparation raises questions. Is it still moved on XRP a smart step? Now, the numbers say no. It seems that every time there is an opportunity to apostasy, there is more sale. If buyers continue to pay, but the market is not ready for operation, XRP can continue to slip until finally reduced pressure.
