Bitcoin dropped to $82,000 during Friday trading, triggering $1.93 billion in liquidations across cryptocurrency markets within 24 hours. The decline represented a loss exceeding $10,000 from the week's opening levels. XRP fell below $2.00 to $1.8467, while BTC accounted for $966.56 million and ETH contributed $408.12 million of the total liquidations.

XRP displayed a brief technical anomaly on Kraken Wednesday, momentarily spiking to $90 before returning to $2.13 within seconds. A wallet withdrew 272,556,924,649 SHIB tokens worth $2.38 million from Coinbase in a single transaction. Bitcoin maintained its position above the $87,600 monthly Bollinger Band midpoint, trading near $91,360.

Blockchain data shows retail cryptocurrency holders have reduced positions in Bitcoin, Ethereum and XRP over recent weeks. Short-term investors transferred approximately 65,200 BTC to exchanges at unrealized losses within 24 hours, representing close to $6 billion in value. Wallet balances for smaller holders declined between 0.36% and 1.38% across the three assets, according to Santiment analytics.

Bitcoin derivatives markets experienced extreme volatility as liquidation data revealed a 1,364% imbalance between long and short positions, creating a $187 million gap. Long positions accounted for 93% of $218.5 million in total liquidations during the reviewed period, driving significant downward price pressure, data show.

A trader holding a $96 million leveraged long position on XRP has lost over 50% as the token trades near $2.17, down from an entry at $2.2924. Cross-margin losses exceeding $16.5 million across multiple assets have elevated liquidation risk beyond the formal threshold of $1.3062, according to HyperDash data. The position faces potential forced closure if portfolio-wide equity continues to erode, regardless of XRP's distance from its technical liquidation price.

XRP is approaching a critical resistance level against Bitcoin that could trigger a significant breakout, according to trader DonAlt. Shiba Inu recorded a 207 billion token exchange outflow within 24 hours—one of the largest withdrawals in recent months. Despite the substantial movement, SHIB's price remained unchanged.

The XRP exchange-traded fund recorded a net outflow of $15.5 million in its first complete trading week, reversing institutional demand patterns observed since 2023. The XRPC product launched November 13 with $243 million in second-day flows and $58 million trading volume. The subsequent outflow reflected broader market liquidation pressures affecting cryptocurrency investment products.

XRP logged 716 on-chain transactions exceeding $1 million each in a single session, the highest count of large-value transfers in four months. Data show this figure surpassed the previous peak of under 500 transactions observed in late summer. Despite the elevated wallet activity, XRP spot price held steady between $2.20 and $2.30 on major exchanges during the same period.

A derivatives trader has established a $196 million leveraged short position spanning BTC, XRP, and ZEC, with the XRP component reaching $27.4 million at 20x leverage. Long-term Bitcoin holders have distributed 815,000 BTC over the past 30 days, representing the largest selling wave since January 2024, according to CryptoQuant data. The supply injection coincides with seasonally weak Q4 performance patterns observed in 2022 and 2019.