Top trader of crypto exchange Bybit masterfully used 'window of opportunity' opened by strange imbalance in pairs with XRP and U.S. dollar
The dicsount"window" only lasted for 10-20 minutes. It might have happened due to large and unpredictable liquidations of XRP traders' positions.
As explained by the trader, algorithmically backed market-makers faced a shortage of spot XRP cryptocurrency needed for coin-margined derivatives trading.Just like all major altcoins, XRP is badly affected by the ongoing panic-driven sell-off. In almost no time, the token plunged from $0.57 to $0.47, losing over 17.5% of its value.The collapse was surrounded by record-breaking liquidations on cryptocurrency markets.
When it comes to XRP, the total volume of liquidations is estimated at $27.92 million; almost 90% of this sum were the long positions of XRP bulls. Out of this whopping amount, Bybit is responsible for $7.8 million, while Binance , the largest cryptocurrency exchange globally, is in charge for $7.4 million in equivalent.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
XRP: More Businesses Now Accepting Direct XRP PaymentsXRP sees growing adoption following landmark ruling
Leer más »
Crypto Investors Can Now Trade XRP Options on BIT ExchangeXRP is the world's fifth largest cryptocurrency, boasting a market capitalization of $30.88 billion at press time.
Leer más »
Silver Lining: XRP Options Now Available on Major Exchange Following Soaring InterestDespite the massive crash, XRP traders can now trade options on a major exchange.
Leer más »
Cryptocurrencies Price Prediction: XRP, Shiba Inu & EthereumXRP/USD booking losses; Further downside possible For those who read this week’s Weekly Market Insight, you may recall that the post highlighted that
Leer más »
SEC Can Argue for Right to Appeal Groundbreaking XRP Ruling in Ripple Case, Judge SaysA federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.
Leer más »
XRP, SOL Lead Crypto Market Bounce; RLB and UNIBOT Surge on Bullish SentimentTrading volumes for rollbit tokens grew 500% on a revamped token buy-and-burn plan.
Leer más »