For the second time this week, XRP’s derivatives market has shocked traders with numbers never seen before. Within just one hour, CoinGlass reported a staggering 101,445% imbalance between long and short positions — and almost the entire blow struck the bulls.
💥 $4.21 million in long positions were wiped out in margin calls, while shorts barely felt the hit at just $4,150. The imbalance wasn’t about the biggest dollar loss, but rather the extreme overcrowding of bullish bets on XRP.
📉 Price Pressure Mounts
XRP slipped toward $2.83, after multiple failed attempts to stay above $2.88.
Market-wide liquidations over 24 hours topped $475 million.
Ethereum: $10.81M wiped out
Bitcoin: $5.81M lost
Solana: $1.82M flushed
Long positions dominated losses at $403M, compared to just $72M from shorts.
⚖️ So Bullish, It’s Bearish
What makes XRP’s case unique is the zero balance between longs and shorts. Normally, liquidation boards show both sides taking hits. This time, the market was heavily one-sided, and when prices dipped, bulls were instantly crushed.
📊 Derivatives Data Breakdown
Trading volume surged 25% to $10.22B.
Open interest fell 5% to $7.48B, showing positions were being cut, not added.
Options open interest jumped 55% to $660K, signaling traders are hedging risk amid renewed volatility.
🔮 What’s Next?
Whether this rare imbalance sparks a short-term reset or continues as another leg of August’s correction depends on how quickly leverage returns to the market.
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