XRP Takes a Modest 2.7% Share as Crypto Liquidations Cross $1B

Long Liquidations Account for Most Market Losses

Long positions took the biggest hit during the 24-hour period. Traders lost $935.01 million through long liquidations, compared with $156.88 million from short positions.

However, the figures looked different over a shorter period. Total liquidations reached $92.15 million over 12 hours, with short positions accounting for $77.84 million and long positions contributing $14.31 million.

This suggests that market conditions began to shift as prices stabilized and some cryptocurrencies recovered, and this left traders betting on further declines facing greater losses.

Ethereum and Bitcoin Record the Biggest Losses

Ethereum recorded the highest liquidation volume among major cryptocurrencies, with $344.75 million in forced closures over 24 hours. Its total exceeded the combined figures for every other individually tracked asset except Bitcoin.

Bitcoin followed with $263.07 million in liquidations, leaving the two largest cryptocurrencies with a substantial share of the market-wide total. Solana recorded $64.83 million, while $NEAR accounted for $24.90 million.

$XRP’s $29.52 million placed it between Solana and $NEAR in the reported figures. Of $XRP’s total, $27.82 million came from long liquidations, while $1.69 million came from short liquidations. These figures add up to $29.51 million.