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It should be noted that the majority of liquidations were from long positions, indicating a bearish trend on the market.SEC Veteran Pours Cold Water on XRP Communityis currently trading at $66,619, after a slight decrease of 1.22% over the past 24 hours. Ethereum is trading at $2,574, with a more notable decrease of 2.34%. Consequently, the overall market capitalization remains under pressure due to extensive liquidations, raising concerns about future price stability.