The decision in favor of Ripple in the US Securities and Exchange Commission (SEC) case triggered hundreds of millions of dollars of liquidation in the cryptocurrency market.
After the judge in the case between the SEC and Ripple decided in favor of Ripple exactly 1 day has passed and in the last 24 hours 310 million dollar position was liquidated. Along with the decision A serious rise in the price of XRP While other altcoins accompanied this increase, the amount of liquidation increased.
coinglass According to the data, the total amount of liquidation $93.20 million in 24 hours part of long (long) when creating directional positions short Total value of positions liquidated by $216.59 million corresponded.
According to the data, at the time of writing the article, within a 24-hour period, a total of 88,062 different users while being liquidated, the largest position that was liquidated at once in this short time frame $2.86 million with on Binance ETH/USDT occurred on the trading pair.
Positions in liquidation $68 million in Bitcoin (BTC), 64 million dollars In XRP, 50 million dollars in Ethereum (ETH). The amount of liquidation in question XRP price Only $0.47 from the levels $0.935 not only rising up, but also from the peak price for $0.77 increased during the decline.
End 24 occurring per hour 310 million dollar total liquidation amount $114.86 million While it takes place on the cryptocurrency exchange Binance 2nd place whereas with $85.82 million popular cryptocurrency exchange OKX took place.
