The crypto market saw $607.18 million in liquidations over 24 hours, with $541.14 million in long positions and $66.22 million in shorts. XRP fell 3.48% to $1.44, with a 2,213% liquidation imbalance: $11.96 million in longs liquidated versus just $540,210 in shorts. This configuration reveals that bullish investors bore the brunt of forced closures, with the market heavily positioned for upside before the collapse. Market participants are now awaiting the Fed minutes and potential interest rate decisions.
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