Amr Taha2026-08-24

XRP Long Liquidations Hit $38.6M, Largest Since October as Binance Flips to 9-to-1 Imbalance

XRP long liquidations surged to $38.58 million on August 22, the highest reading since October 10, 2025. The figure came within just $720,000—or 1.8%—of the $39.3 million recorded during the October liquidation event. Short liquidations reached only $6.5 million, meaning long liquidations were nearly six times larger and accounted for 85.6% of the $45.08 million total. This contrasts with October 10, when $39.3 million in longs and $24.8 million in shorts were liquidated. Despite nearly matching October’s long-liquidation total, the latest event was almost 30% smaller overall because short liquidations were 74% lower. The structural reversal was even clearer on Binance. XRP long liquidations reached $12.63 million, compared with just $1.4 million in shorts—a nine-to-one imbalance, with longs representing 90% of the exchange’s total. On October 10, Binance showed the opposite structure: short liquidations reached $21.1 million, more than twice the $9.82 million recorded for longs. Compared with that event, Binance long liquidations increased 28.6%, while short liquidations fell 93.4%. The pattern was not limited to Binance. Ex-Binance long liquidations totaled approximately $25.95 million on August 22, versus $5.1 million in shorts, producing another five-to-one imbalance.