XRP Liquidations Surge Past $8M as Binance Traders Face Double-Sided Squeeze

TLDR: XRP derivatives market experienced over $8 million in total liquidations between January 5 and 6 Binance processed approximately $4 million, accounting for roughly 50% of total liquidations Short positions liquidated first on January 5, followed by long liquidations on January 6 The market swept liquidity from both sides, trapping over-leveraged traders around $2.40 level [...]

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