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Binance XLM/USDT Spot Pair Drops 6.88%; Long Liquidations Total $580,000 in One Hour

Stellar Lumens (XLM) was $0.1567, down 6.56% over 24 hours, at 11:25 a.m. EST (16:25 UTC) Thursday.

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A market graphic depicts the XLM/USDT spot market during a sharp decline. / EconoTimes.ai
A market graphic depicts the XLM/USDT spot market during a sharp decline. / EconoTimes.ai

Long liquidations across Binance, Bybit and OKX totaled $580,000 in a one-hour tally Thursday; Binance’s XLM/USDT spot pair for Stellar Lumens (XLM) stood at $0.1542 at 11:05 a.m. EST (16:05 UTC).

Between the 7:05 a.m. EST (12:05 UTC) and 11:05 a.m. EST (16:05 UTC) observations Thursday, the Binance pair’s spot quote fell 6.88%, from $0.1656 to $0.1542. At 11:05 a.m. EST (16:05 UTC), Binance showed an 8.32% decline for the pair over 24 hours; that rolling period differs from the four-hour comparison.

Across Binance, Bybit and OKX, the one-hour tally recorded $580,000 in liquidated long positions and none in short positions. The tally covers three exchanges over one hour, while the price comparison uses Binance spot observations four hours apart.

CoinGecko/exchange spot data put XLM at $0.1567, down 6.56% over 24 hours, as of 11:25 a.m. EST (16:25 UTC) Thursday. This was a later market snapshot than Binance’s 11:05 a.m. EST (16:05 UTC) reading.

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