- Over $344M liquidated, impacting XRP, BTC, ETH prices.
- Larsen sold over 106M XRP.
- Significant Bitcoin accumulation amid price dip below $90K.
Over $344M in crypto positions were liquidated due to major XRP executive sell-offs and BTC whale activity. The majority affected long positions, with XRP, BTC, and ETH facing rapid price corrections, highlighting the influence of large-scale sales and market shifts.
Chris Larsenโs significant XRP sales and a major Bitcoin acquisition have triggered over $344 million in crypto liquidations, impacting XRP, BTC, and ETH.
Rippleโs Chris Larsenโs massive XRP sales and Bitcoin whale activity contribute to liquidations, influencing crypto volatility and market reactions.
Blockchain data confirms over $344 million in liquidations, with XRP and Bitcoin experiencing dramatic shifts. Rippleโs Chris Larsen executed large XRP transactions, aligning with market peaks, potentially indicating calculated market timing. As Larsen remarked,
โMy sales consistently coincide with XRP price peaks, indicating a pattern of market timing.โ
A Bitcoin whale, dubbed โSpoofy,โ seized over $340M in BTC during a price drop below $90,000, causing further volatility. XRP dropped over 17% as Ethereum saw unstaking queues rise, indicating a complex market dynamic spurred by significant player maneuvers and sales. Historical patterns involving large-scale sales and whale activities often lead to sharp market corrections and increased volatility.
Expert analyses suggest future market instability if similar actions persist amid volatile crypto landscapes. More insights can be found in the crypto market report detailed by financial analysts.
