According to U.Today, overnight liquidations totaled $932 million as price corrections affected XRP, DOGE and NEAR ahead of a sudden market reversal.
The liquidations occurred across multiple contracts tied to these assets following sharp declines in value during the prior trading session. All three cryptocurrencies experienced deep corrections before markets moved in the opposite direction shortly afterward.
No specific exchange names, timing details beyond “overnight,” or quantitative data on individual asset losses were provided. The report notes the pattern of correction followed by reversal without attributing movement to external events such as regulatory announcements, exchange maintenance, or trader behavior.
The focus on XRP, DOGE and NEAR reflects where significant liquidation activity was observed, according to the source. No further explanation was given for why these assets were highlighted.
