XRP Liquidations Accelerate After $1.50 Breakout: Short Squeeze Unfolds
XRP has reclaimed the $1.50 level as market activity accelerates and bullish momentum begins to build after weeks of consolidation. The move higher suggests that buyers are regaining control, with traders closely watching whether XRP can sustain this breakout and establish a stronger uptrend. Related Reading: Ethereum Whales Step In: $33M ETH Withdrawn From Exchanges In Hours Beyond price action, derivatives data is revealing a notable shift in market behavior. According to a recent CryptoQuant report, multiple indicators are now signaling activity levels not seen in weeks, pointing to a....
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Data shows the cryptocurrency derivatives market has registered significant liquidations after the Bitcoin rally above the $63,000 mark. Bitcoin Rally Has Resulted In Short Liquidations On Derivatives Market According to data from CoinGlass, the latest volatility in the cryptocurrency market has led to large liquidations on the derivatives side. “Liquidation” here naturally refers to the process that any open contract undergoes where its platform forcibly closes it off after it has amassed losses of a certain degree. Related Reading: Bitcoin Recovery Stalls As HODLers Apply....
XRP price rose 40% in a single day as liquidations across futures exchanges topped $73.5 million. XRP price spiked by 40% in the past 24 hours, recording a 52% gain at the day’s peak. Behind the surprising rally was a big short squeeze that caused massive volatility within hours.It is evident that the upsurge was driven by a short squeeze across futures exchanges because of the speed of the rally.XRP/USD hourly candle chart (Coinbase). Source: TradingView.comIt took XRP around four hours to surge from $0.2536 to as high as $0.3120. Since then, it has pulled back to around $0.3550 on major....
The current Bitcoin volatility Index values suggest that a short squeeze may be near, if past pattern continues to hold. Past Bitcoin Volatility Index Pattern Suggests A Short Squeeze May Happen Here As explained by an analyst in a CryptoQuant post, the BTC volatility index has now reached values where a short squeeze has happened in the past. The “volatility index” is an indicator that shows how much the price of Bitcoin has fluctuated in a day compared to its historical average. When the value of this metric rises, it means the crypto’s price has recently seen higher....
Quick Facts: 1️⃣ Over $180M in short positions were liquidated as Bitcoin’s breakout above $112K-$115K triggered a powerful short squeeze. 2️⃣ Grok’s Bitcoin price prediction points to a long-term target of around $500K if the token closes strongly above $125K. 3️⃣ Bitcoin Hyper ($HYPER) emerges as the best altcoin to buy now, as investors look […]