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Hello this is Matt on the moon Lambo Channel I love the headlines out there Covering this today here here's one Example from coin Telegraph xrp prices Down for the month so why are whales Opening bullish leverage positions you Just you gota love this stuff you know Coin Telegraph I'm not sure if you've Heard of this but there is such a thing As local Bottoms in markets if this is Happening might it be the case that Certain whales some of the splishy Splashy whales get an aquatic AF perhaps A bit more wise than the typical liming Retail speculators might it be the case That they think although they don't know For sure but they believe what's most Probable is that we're going to be Seeing some positive action to the Upside and it's just amazing because in A 24-hour period the shorts the xrp Shorts got wrecked liquidated to the Tune of about $453,000 so uh people short on xrp Completely wrecked in a 24-hour period Very short time period and then you have Whales being like I'm going to long that Son of a well how about that but Before going further I do want to be Clear I do not have a financial Background of any kind I am not offering Financial advice and you definitely Should not buy or sell anything because Of anything I say or right I'm just an
Enthusiast who enjoys making YouTube Videos about Crypt related topics but Just as a hobby and just for fun now I Don't want to read this particular Article um just the tone of this to me Is largely trash you can tell that this Was written by somebody who is not Exactly a fan of xrp and they just they Can't it's it's like you can tell the Author it's like I can't R my brain Around this how is how is it that the Whales are bullish here look at all the Crap happening with xrp and then they go Into site um for instance the U the the Hack that happened with Chris larsson's Xrp I'm sure you guys remember that from About a week ago I'm sorry like in your Mind you think it makes sense to be Short xrp because a personal wallet or Wallets of somebody who it's who's not Ripple those got those got hacked and it Could have been a freaking fishing scam For all we know but but anyway they're Compromised and that should be a reason To be short xrp in general we should be Worried about the global price of xrp Because that because of that does that Actually make Sense I just well the market clearly Doesn't give a damn and then you know The other one that was more so Preposterous you guys may have heard That the clawback on The xrp Ledger did Get approved which I think is cool as
Hell and so it does allow a reversal of Transactions but not for Xrp it allows a reversal of Transactions for specific coins and you Know upfront if there's a possibility For that and that's because if you if You're going to issue like for instance A stable coin uh depending on what's Happening in the geographic region the Jurisdiction that you're in uh it might Make it possible for you to do it when Otherwise it might be legally impossible Without the possibility of pulling back Funds so for specific use cases it could Be great and for others it very clearly Would not be right but the point is it's An option it is not required and it does Nothing to change the the status of xrp Or your security when it comes to your XR building nothing whatsoever and so They don't explain that and they're just Scaring the hell out of people like like They're just saying well look the Clawback thing happened there's a reason That it should go down are you kidding Me no that would be a reason it would go Up it's it's more functionality on The Xrp Ledger and these dimwits over at Coin Telegraph view that as a negative So not the best place to go for in Insight when it comes to xrp and The xrp Ledger that is very clear but still they Recognize something else that is true Which is that shorts got wrecked and
Whales are long so let's go to the Crypto basic I think they did a pretty Good job covering let's check this out Wales opened bullish long xrp positions Amid liquidation of $453,000 in shorts xrp might be Struggling to sail the current market Turbulence but Wales have opened uh Moved to open bullish long positions Amid the liquidation of over $453,000 in shorts xrp's Journey has not Been pretty in recent times with a host Of bearish developments compounding Existing investor Angst some of these developments Including a rare SEC win in the Ripple Case and the hack affecting Ripple Co Founder and chairman Chris lson the Crypto asset has been flirting with the 51 Cent price threshold following the Latest market decline that saw drop from A 52.7 c High earlier this month amid a Loss of volatility xrp has struggled to Reclaim and retain the 51 Cent level With a slump below it compounding Bearish pressure Market participants Hurridly created short positions as they Expected further declines in the Aftermath of the crash below 51 cents And folks the the dip below 51 cents What it get down to like 49 something Since and it was there for about 5 Seconds like it was whatever the time Was it was almost nothing it was there
For like part of a day Right um and so this gave people Confidence that it was just going to What crater on down dramatically what The price is going to get cut in half And did these people think that the same Action would happen for Bitcoin because Look I'm not saying it's impossible for The price of xrp to tank way further I'm Just saying it would be shocking to me If it happens it goes way further some People call them for 28 cents xrp if That happens you're telling me it's not Because of a wider Market collapse like Bitcoin didn't lead the way or maybe Bitcoin's doing great because it's about $46,000 at the time I'm recording this And what xrp just cuts in half in terms Of market cap because reasons while While bitcoin's blazing to the upside And the rest of the Market's going up I Just I see people making arguments like That and I don't find those arguments Compelling I find in many cases they're Just toxic Bitcoin Maxi trolls or just Xrp haters broadly Speaking anyway peace continues the Subtle price recovery led to massive Liquidations impacting existing short Positions which had skyrocketed in the Wake of the previous price drop notably Data from crypto market cap data Provider coin coinalyze uh indicates That xer Traders have recorded over
$57,600 in liquidations over the past 24 Hours interestingly of this figure Short positions account for check this Out folks $453,500 Representing a massive 87.6 n% of the total liquidations across The market so folks over that short time Period out of everyone that got Liquidated the way they were betting on Xrp 87.6 n% of the Liquidations in this Time period were harmed people that were Short xrp well enjoy your liquidations Folks see but look and honestly this is Why it's just like I think it's just Completely absurd to be playing with Leverage in the first place but I mean To each their own to each their Own peace continues most of these Liquidations have occurred on binance Notably long liquidations only amount to A poultry $63,800 in the past 24 hours This represents the highest dollar worth Of short Liquidations in the xrp market Since February 1st when the market Participants suffered short liquidations To the tune of $86,700 cents and folks that's what I Was getting out earlier when it dipped Below that was extremely Shortlived and it it wasn't for any sort Of actual fundamental issue having to do With xrp anyway so it's like you think That's a good reason to be short then
You must be coin Telegraph like I don't Know what to tell you you know anyway Peace continues following the latest Surge of short liquidations whale sent Has shifted oh you down say so while Everybody's freaking out and price go Down what what is the the taale that's Old as time that I keep telling over and Over and over again but in different Circumstances each time because time Passes and we just keep seeing the same Story over and over again it's that Liming retailers they get panicked price Go down and then they just think it's Going to keep going and then the whales Take advantage of this purchase that Fear at a discount and price go up not That it literally will unfold that way Every time but what do we keep seeing The emotional players when it comes to Investing just get wrecked they get Liquidated peace continues notably Market interest has also risen as Futures In Perpetual open interest or oi For short to jumps 2.31% to the current value of $458 Million significantly the long slash Short ratio which which assess the ratio Of long positions to short positions has Seen a Spike and check out this Percentage you're going to love this one Too over the past 24 hours long Positions have made up 73.6 7% of total Leverage positions across all exchanges
That's that puts the long short ratio at 2.8 so folks not many people thinking That it makes sense to be a uh short xrp At this particular juncture in time Finally after the Liquidations and then look again if Bitcoin tanks then it's just okay well Xrp goes down and so does everything Else whatever now it doesn't look like At least in the moment that's what's Most probable I'm just Saying and then they note a similar Ratio cuts across multiple time frames With 73.9% in 4 hours 73.6 4% over the last Hour and 73.3 n% in the past 30 Minutes this metric indicates that Market participants are starting to Rebuild their confidence in xrp's future Trajectory again Color Me surprised Folks Color Me Surprised so but this is why see this is Why I love my strategy more than what Other people are doing look I'm not Telling you to do it this is what I'm Doing I don't care what y'all do but my Strategy is I buy stuff in this case We're talking Xrp and that I don't do anything for Literally for years on end if that's What it takes and It Is What It Takes Here with xrp I've held xrp over six Years never sold a single xrp I'm going To be more stubborn than anyone else out
There guaranteed until I'm enticed to Sell because number way higher and we're A new all-time high in entry price Discovery until that happens I'll not be Willing to share uh via any price well You're you could offer me your price Then okay but I won't be willing to sell A single xrp uh until that happens Because that is what it will take to Entice me other than that I'm just not Interested and I ain't going to play These leverage games betting on what's Going to happen in the short term to xrp That makes no sense it's so far outside Of a risk profile that I find to be Remotely reasonable I'm just not going To do it I'm glad see like $453,000 in shorts getting wrecked yeah Tell you what not a penny of that $453,000 came from Moon lab I'll tell You that for Sure so again it's worth being Optimistic it's just you just see it Time and time and time again price go Down living retailers freak out people Get liquidated wh step in Market go Higher number go up folks number go Up I'm not a financial advisor you Should not buy yourself anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
