The cryptocurrency market experienced a massive liquidation event, with over $2 billion forced close in long and short positions. Recent trading of XRP, the third largest cryptocurrency, has seen a significant anomaly, with liquidations of perpetual futures totaling $1.44 billion, but only $111,000 in shorts and $1.33 million in longs. This suggests a strong bullish sentiment among traders. However, those with over-leveraged positions or late entries have been punished, leading to trading discrepancies. The price of XRP has risen over 30% in the last two days, reaching $2.40. This surge, along with a 400% increase in recent weeks, has attracted many new investors but also resulted in some losses for latecomers.



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