Shiba

Bitcoin

Million

Shiba Inu

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The cryptocurrency market has experienced a significant downturn in the past 24 hours, with liquidations totaling nearly half a billion dollars, according to data from&nbsp;<a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">CoinGlass</a>. Among the casualties of this market turmoil were long positions, representing the majority of the $455 million in liquidations.
Analysis indicates that over 60% of long positions on the crypto market were liquidated following an 8% decline, equating to more than $263 billion, according to the TOTAL index. Consequently, the overall capitalization of the cryptocurrency market, inclusive of major assets like&nbsp;<a href="https://u.today/bitcoin-btc-collapses-to-60k-as-etfs-bleed-500-million" rel="noopener noreferrer nofollow">Bitcoin</a>, Ethereum and various altcoins, dropped to $2.3 trillion. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="d329e86f-dc1b-46d2-9386-b170e4ccab54" src="https://u.today/sites/default/files/inline-images/coinglass_0.png">Source: <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">CoinGlass</a>
<h2 id="xrp-shib-and-bitcoin">XRP, SHIB and Bitcoin</h2>
Among the most "angry" cryptocurrencies that have caused the greatest damage to traders are Bitcoin,&nbsp;<a href="https://u.today/bitmex-lists-xrp-for-spot-trading-amid-major-price-decline" rel="noopener noreferrer nofollow">XRP</a> and Shiba Inu (SHIB). Thus, the main cryptocurrency took a third of the volume of all liquidations against the background of an 8.4% drop in its price over the past day.&nbsp;
Interestingly, however, the ratio of long and short positions with Bitcoin liquidated is not very high - 54.5% versus 45.5% - which rather indicates how the price action of Bitcoin managed to deceive both sellers and buyers who did not get into the timing and apparently made overly emotional decisions.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="54bf9323-45f7-47ff-bde5-038375a40563" src="https://u.today/sites/default/files/inline-images/bitcoinprocee.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
As for the other two popular cryptocurrencies - XRP and&nbsp;<a href="https://u.today/shibarium-loses-984-of-transactions-amid-shib-price-dump" rel="noopener noreferrer nofollow">SHIB</a> - there are fewer liquidations, but the ratio of longs to shorts is more interesting. Thus, according to the data, XRP liquidations of purchases are 3.5 times higher than sales with a total figure of $ 2.78 million. The Shiba Inu token has a total liquidation rate of $2.56 million over the past 24 hours, but only $300,000 more long positions were lost.
The beginning of the week on the crypto market cannot be called anything but a bloodbath.

XRP, SHIB, Bitcoin Emerge as Most Angry Cryptocurrencies Amid $455 Million Crypto Bloodbath

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