The biggest liquidation in crypto history took place last night.
➖ $2.2 billion was liquidated in the last 24 hours. The liquidation, which mostly took place in LONG positions, affected $ETH investors the most. $BTC investors are in second place.
➖ LONG positions that had been carried for a very long time were liquidated. More than 700,000 people were liquidated in the last 24 hours.
➖ With Trump's presidency, there was very positive news in cryptocurrencies. Expectations had increased a lot. The sharp declines that came during the period when expectations were high led to big losses.
🔴 On the spot side, we also saw prices where altcoins were crushed and memecoins reached the point of extinction. $LUNC and $ustc saw historical lows. LUNA did the same. Cryptocurrencies with important blockchains such as $TON and $POL experienced deep declines.
There was also a serious liquidation on the XRP side. #XRP price dropped the needle to $1.77 and then received a sharp reaction above $2.4. Even these ups and downs experienced in XRP summarize the purpose of what is happening.
In our opinion, the most solid cryptocurrency is $TRX. Justin Sun stands behind his project and keeps it away from destructive effects. I wanted to open a parenthesis for TRON here. We wanted it to be an example for other companies, but we did not see this from others...
