XRP, Dogecoin (DOGE), and Bittensor (TAO) are facing significant liquidation risks as the crypto market enters the third week of February. XRP's liquidation map indicates potential Long liquidations exceeding $200 million if prices fall to $1.30, while Short liquidations could reach $150 million if prices rise above $1.63. Recent selling pressure from Upbit has contributed to XRP's volatility, with 50 million XRP net sold within 15 hours.
Dogecoin traders are also on alert, as Long liquidations could approach $90 million if DOGE drops to $0.091. The recent surge in DOGE exchange balances suggests investors are exiting positions amid rumors of the X Money launch. Meanwhile, Bittensor (TAO) could see Short liquidations exceed $13 million if prices rise above $283 following its listing on Upbit. Analyst Michaël van de Poppe anticipates a strong recovery for TAO, driven by AI-related market interest and new liquidity from Upbit.
XRP, DOGE, and TAO Face Liquidation Risks Amid Market Volatility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
