XRP experienced a significant 3,254% liquidation imbalance favoring bearish traders shortly after the launch of the first spot XRP ETF. According to Coinglass data, $9.09 million in long positions were liquidated, compared to only $271,060 in short positions within four hours of the ETF's debut.This substantial liquidation imbalance has resulted in a sharp price correction for XRP, with the cryptocurrency retesting the $2.3 level. The unexpected market movement has dashed bullish expectations, highlighting the volatility surrounding the new ETF launch.XRP+0.80%Source:Show OriginalDisclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
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