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Over $33M Worth Of XRP Shorts Liquidated In 12 Hours As Crypto Whales Go On A Buying Spree

Altszn.com by Altszn.com
July 14, 2023
in Bitcoin
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Over $33M Worth Of XRP Shorts Liquidated In 12 Hours As Crypto Whales Go On A Buying Spree
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Benzinga

Crypto shorts have faced massive liquidation in the past 12 hours following a court ruling favoring Ripple Labs. The ruling granted a summary judgment, stating that the XRP token, which is associated with the company, is not considered a security. What Happened: Within a span of 24 hours, a staggering 80,950 traders saw their positions liquidated, resulting in a total liquidation value of $285.50 million. Astonishingly, 75% of these liquidations were short positions, data from CoinGlass reveals. Bitcoin (CRYPTO: BTC) worth $50.11 million and Ethereum (CRYPTO: ETH) amounting to $38.11 million w…

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Previous articleBitcoin, increase in shorts makes it difficult to break above $ 31,000 | CoinDesk JAPAN | Coin Desk Japan



Read More: bitcoinwarrior.net

Tags: 33MBitcoinBTCBuyingCryptoHoursliquidatedshortsspreewhalesworthXRP
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    • ethereumEthereum (ETH) $ 2,483.86
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    • bnbBNB (BNB) $ 651.21
    • solanaSolana (SOL) $ 153.78
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    • staked-etherLido Staked Ether (STETH) $ 2,479.18
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,915.00
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    • hyperliquidHyperliquid (HYPE) $ 32.69
    • wrapped-stethWrapped stETH (WSTETH) $ 2,988.98
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    • avalanche-2Avalanche (AVAX) $ 20.35
    • stellarStellar (XLM) $ 0.264445
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    • the-open-networkToncoin (TON) $ 3.12
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    • usdsUSDS (USDS) $ 0.999735
    • hedera-hashgraphHedera (HBAR) $ 0.167959
    • litecoinLitecoin (LTC) $ 87.95
    • wethWETH (WETH) $ 2,483.60
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    • aptosAptos (APT) $ 4.69
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • nearNEAR Protocol (NEAR) $ 2.39
    • jito-staked-solJito Staked SOL (JITOSOL) $ 185.52
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