About $600M in crypto long positions were liquidated in the last hour, sparking sharp volatility across exchanges as leveraged bets unwound rapidly. Traders reported heavy losses, analysts warn of further swings.
Hyperliquid reportedly led $10B in liquidations as crypto markets whipsawed, intensifying scrutiny of exchange risk controls and fueling calls for regulators to examine trading venues’ practices.
Ripple bears face a critical threshold: a swift move to $3 could ignite cascading liquidations across leveraged XRP positions. We examine open interest, liquidity gaps, and the potential spillover to broader crypto markets.