Follow crypto liquidations, forced sell-offs, leverage wipeouts, and market stress events impacting traders and exchanges.
The plan would lift WBTC and cbBTC borrowing limits while shrinking the simplified maximum-leverage price cushion from 6.4% to 4.7%.
More than $648 million in short positions were liquidated as BTC cleared long-term technical levels watched for signs of a market bottom.
Withdrawals close Sept. 14 at 14:00 UTC, ahead of Sept. 15–25 liquidation with no guaranteed proceeds currency.
Unified margin is connecting crypto, tokenized equities and other assets inside the same account, creating a second trigger for forced selling.
The BitMEX closure limits new positions at 04:00 UTC, with forced closures possible before Sept. 23.
Kraken and OKX showed far smaller ranges, and $3.66 billion in XRP open interest remained after the liquidation wave.
Open interest fell 2.65% and funding stayed near baseline, pointing to leverage clearing rather than longs rebuilding.
Bitcoin’s three-day surge has pushed a major market gauge bullish for the first time since October.
XRP’s 22% rally puts $2.2 million in shorts at risk as price pushes toward $1.38 and the $1.40–$1.50 resistance zone.
