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The cryptocurrency derivatives market has witnessed a massive $306 million in liquidations over the past 24 hours as Bitcoin and other major altcoins rallied.
Long and Short Traders Equally Impacted
According to CoinGlass, the liquidations were evenly split, with $154 million in long positions and $151 million in short positions wiped out. This suggests that both bullish and bearish traders were caught off guard by market volatility.
Despite the upward trend, traders using high leverage faced liquidation as sudden pullbacks disrupted bullish positions.

Cardano founder Charles Hoskinson has garnered attention by joining the Trump administration’s forthcoming crypto policy team. Known for his thoughtful and pragmatic approach, Hoskinson’s involvement signals a potential shift toward a more pro-crypto environment under the incoming administration.
Driving Pro-Crypto Policies
Former President Donald Trump has expressed plans to establish a crypto policy team, viewing pro-crypto measures as beneficial for maintaining the US Dollar’s status as a global reserve currency. Hoskinson is not only a member of this team but is reportedly playing a piv

When asked about his stance on XRP, Pal revealed that he is optimistic about its performance. “XRP will do well,” he affirmed, adding that he still holds tokens purchased in 2020, during the early days of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC).
Pal describes himself as a “profit maximalist,” willing to invest where returns appear promising. Despite XRP’s underperformance compared to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) since its regulatory troubles began, he expressed confidence in its potential for growth. “Nothing wrong with XRP and wish it