Massive Liquidation Imbalance Hits BTC, XRP and SOL as Long Traders Edged Out

By: bitcoin ethereum news|2025/05/02 19:00:04

The growth trend in the broader digital currency ecosystem has shifted briefly, with traders’ aspirations for Bitcoin and top altcoins to rally eventually leading to mild liquidations. Over the past 24 hours, the combined market liquidations totaled $225.21 million, according to CoinGlass data, with more than 84,000 traders liquidated. Long trader liquidation imbalance Notably, the market’s direction often determines which future market participants face the most liquidation: long and short traders. For Bitcoin, the liquidations total $91.43 million, with short traders accounting for $80.51 million. Long traders were positively edged out, with only $10.82 million in liquidations. You Might Also Like The trend also spread to Solana and XRP, where short traders recorded more liquidations overall. Per the data from Coinglass, Solana scored a liquidation of $7.89 million within 24 hours compared to XRP’s $3.44 million. For both coins, traders’ short bets were invalidated following the bullish movement on the market. Crypto liquidations are not uncommon. These current figures show that leverage exposure is minimal, as investors are largely maintaining a cautious approach amid uncertainty. While the market’s direction remains unknown, the exit of over-leveraged short traders in favor of longs might help stage a breakout. Bitcoin price shaping market sentiment The price of Bitcoin reclaimed the $97,000 mark on May 1, which was a positive start to the month amid optimistic expectations from traders. However, it has recorded a reversal and is now changing hands for $96,704.27, up 1.64% in 24 hours. You Might Also Like Solana has shed almost 1% of its price to lose the $150 support. In contrast, XRP was trading for $2.215, up 0.33% as of press time. With the sustained bullish consolidation and crucial acknowledgment from the CIA that BTC is here to stay, trader sentiment may shift in the coming days. The expectation is that BTC will lead the broader market’s bullish reset to new highs. Source: https://u.today/massive-liquidation-imbalance-hits-btc-xrp-and-sol-as-long-traders-edged-out

WEEX Labs lands in Amsterdam for Dutch Blockchain Week with Agentic Day: The AI Infrastructure Economy — featuring a Cointelegraph exclusive interview with Waqar Zaka, a live AI trading competition (no code required, just natural language), and a keynote from WEEX COO Andrew Weiner. June 22. Register now: https://luma.com/lo977l6h

SK Hynix Reportedly Plans U.S. ADR Listing as Early as August, With SEC Approval Possible in Late June

SK Hynix may pursue a U.S. ADR listing as early as August, with SEC approval reportedly possible in late June amid strong AI chip supply chain demand.

SpaceX vs Tesla vs xAI: Which Elon Musk Trade Has the Biggest Upside in 2026?

SpaceX's IPO is days away, Tesla holds over 11,000 BTC, and xAI is betting big on AI. Here's how traders are comparing the three biggest Musk narratives.

OpenAI Reveals It Has Confidentially Submitted an S-1 to the SEC, Keeping the Door Open for a Future IPO

On June 9, according to an OpenAI announcement, the company recently confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), beginning the preliminary compliance process for a potential initial public offering. OpenAI said it chose to disclose this proactively because it expected the news might leak; however, the company has not yet set a specific listing timeline, and related arrangements may still take some time.

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?