XRP liquidation imbalance reached an unprecedented 101,445% between longs and shorts in one hour, triggering roughly $4.21M of long liquidations and exposing an overcrowded bullish trade on XRP.
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Extreme XRP long wipeout: 101,445% long/short liquidation skew
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Bitcoin shows a looming death cross as the 23-day moving average bends into the 50-day.
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Shiba Inu daily burns surged 2,196.63% while weekly burns fell 29%, per on-chain trackers.
XRP liquidation imbalance hits record 101,445%, Bitcoin death cross forms, SHIB burns spike — read the market summary and key action items from COINOTAG.
What caused the extreme XRP long wipeout?
XRP liquidation imbalance was driven by a concentrated long position cluster that triggered outsized margin calls in a single hour, according to CoinGlass data. A $4.21 million long wipeout versus roughly $4,150 in shorts produced a 101,445% skew, exposing how crowded the bullish trade had become.
How large were total market liquidations and who took the hit?
Market-wide liquidations exceeded $475 million over 24 hours. Long positions accounted for about $403 million, while shorts were roughly $72 million.
- Ethereum: $10.81 million in liquidations.
- Bitcoin: $5.81 million in liquidations.
- Solana: $1.82 million in liquidations.
Analyst note from COINOTAG: “A concentrated shortfall in margin buffers created a cascade effect; the math of large clustered longs amplified the skew.” This aligns with on-chain derivatives data reported by CoinGlass (plain text reference).
How is Bitcoin’s death cross forming and what does it indicate?
Bitcoin death cross appears as the 23-day moving average bends downward into the 50-day moving average, signaling a potential shift from short-term bullish momentum to bearish pressure if confirmed.
- Signal: 23-day MA (short) approaching 50-day MA (medium).
- Potential anchor: 200-day MA located near $100,483.
- Implication: Confirmation often precedes sustained downside toward longer-term support.
Chart math suggests a confirmed cross typically coincides with reduced buyer control and increased probability of a test of the 200-day moving average. Traders should watch for volume confirmation and macro news that could invalidate or accelerate the move.
What should traders watch next on BTC charts?
Watch for a clear close below the 50-day MA with rising selling volume. A confirmed death cross increases the odds of a retest of the 200-day MA near $100,483, a level that would erase most of the recent summer gains.
Why did Shiba Inu burns spike despite a weekly decline?
Shiba Inu burn metrics show a short-term surge driven by concentrated transfers to dead wallets, even as aggregated weekly burns fell by 29%.
- 24-hour burn surge: +2,196.63%.
- Largest single burn in the day: 1,192,392 SHIB.
- Weekly total burned during the same period: 72,264,101 SHIB (29% week-on-week decline).
On-chain tracker Shibburn (plain text reference) reported 1,606,561 SHIB sent to unspendable addresses in the latest 24-hour window, creating the pronounced daily percentage spike despite the lower weekly aggregate.
What does the burn activity mean for SHIB supply dynamics?
Daily spikes can be driven by community-led or coordinated burns and do not necessarily indicate sustained deflation unless sustained weekly and monthly trends follow. For now, the burn surge is notable but must be watched over multiple weeks to assess real supply impact.
Frequently Asked Questions
How did the 101,445% liquidation skew occur?
It resulted from a concentrated cluster of long leverage being liquidated in one hour; $4.21M in long liquidations versus roughly $4,150 in short liquidations created the extreme percentage skew.
Is the Bitcoin death cross already confirmed?
The 23-day MA is bending into the 50-day MA and may cross imminently; confirmation requires daily closes and higher sell volume to consider it validated.
Will SHIB burns support price sustainably?
Single-day burn spikes can tighten supply transiently, but sustained price-support depends on continued, sizable burns and demand—weekly and monthly trends matter more than isolated surges.
Key Takeaways
- XRP liquidation imbalance: A 101,445% long/short skew exposed crowded longs and produced $4.21M in long liquidations.
- Bitcoin technical risk: A potential death cross could push BTC toward the 200-day MA near $100,483 if confirmed.
- SHIB burns: Daily burns spiked 2,196.63% (1,606,561 SHIB) despite a 29% weekly decline, signaling episodic community-driven activity.
Conclusion
Market structure showed clear stress: XRP liquidation imbalance revealed crowded long positioning, Bitcoin faces a technical risk via a potential death cross, and Shiba Inu burns produced a notable daily spike amid lower weekly totals. Monitor on-chain trackers (CoinGlass, Shibburn in plain text), moving averages, and volume to manage exposure. Stay informed with COINOTAG updates for follow-up analysis and actionable alerts.
