XRP sees record $610M long liquidations in a single day
- —XRP long liquidations topped $610 million in one day, a record for the token
- —XRP fell to $1.37 after nearing $1.55–1.60 in September and early October
- —Binance's 30-day average XRP open interest reached $511 million, an eight-month high
- —XRP ETFs drew $11.31 million in net inflows in the week to Oct. 9
Why it matters: The record long squeeze exposed how much leverage had built up; renewed open interest raises the risk of another cascade of liquidations.
Source: Digital Today