WHEN THE DUMP STARTED, THESE THREE SAW INSANE VOLUME.

----

AFTER A LIQUIDATION LIKE THIS, HERE’S WHAT USUALLY HAPPENS:
- LIQUIDATIONS WIPE OUT WEAK HANDS.
- SMART MONEY BUYS THE DIP AT A DISCOUNT.
- THE PRICE SNAPS BACK QUICKLY.

THE DUMP CLEARS OUT WEAK POSITIONS, AND THE STRONG HANDS STEP IN.

THE XRP’S LOW LIQUIDITY MADE THE MOVE WORSE. XRP MAY HAVE A LARGE MARKET CAP, BUT ITS LIQUIDITY IS STILL THIN. THIS IS WHY XRP CAN SURGE HUNDREDS OF % OR CRASH OUT OF NOWHERE.

3. MASSIVE VOLUME IN ADA, USDC & FDUSD

1. STRONG BUYING PRESSURE EMERGED ON ETH

ETH DOESN'T EXPERIENCE MUCH DRAWDOWN COMPARED TO BTC.

THE VOLUME IS THERE TOO.

2. UNUSUAL SELL-OFF IN XRP

3. THE MARKET WAS OVERHEATED

- FUNDING FEES WERE SPIKING (A SIGN OF EXCESSIVE LONGS).
- OPEN INTEREST WAS RISING RAPIDLY (TOO MANY TRADERS PILING IN).

THEN SOMETHING INTERESTING HAPPENED...

ONCE THE MARKET HIT A KEY LIQUIDATION ZONE, IT WAS GAME OVER.
- OVERLEVERAGED POSITIONS STARTED TO CLOSE.
- STOP-LOSSES WERE TRIGGERED, CREATING A CHAIN REACTION.

COINBASE TRADERS BEGAN SELLING 1 HOUR BEFORE THE MAJOR DUMP. THE SELL PRESSURE PUSHED THE LIQUIDATION LIKE A DOMINO.

2. LIQUIDATION CASCADE TRIGGERED THE BIGGEST DROP.