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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Over the past 24 hours, the cryptocurrency market was hit by a tsunami of liquidations, which took away almost $800 million in traders' positions. Diving deeper into the data from , it is apparent that most of them, namely, almost 84% of them, came from long positions. In addition, one of the highlights of the past large-scale destruction of traders is the situation with trading on derivatives on XRP, the third largest cryptocurrency right now.Over the past 24 hours, $30.75 million worth of long positions and $10.94 million worth of short positions were liquidated in the trading of perpetual futures on . At the same time, a surge in liquidations by bearish-minded traders occurred only in the last hour, and before that, the imbalance in liquidations reached more than 1,000%. Bitcoin (BTC) New Year Rally Ended? Ethereum (ETH) Crucial Bearish Pattern, Dogecoin (DOGE): Down Even More As a result, right now, XRP is at the top of the market in terms of liquidations, which on the one hand demonstrates increased interest in the cryptocurrency as a trading instrument, and on the other hand displays its price trends. collapsed by more than 16%, reaching a local bottom at $2.17. However, it further managed to regain part of the fall during today's trading session, recovering by more than 11%
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