XRP Open Interest Plunges 32% on Binance as Spot Sellers Beat Buyers
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6 Articles
XRP Drops 32% in Open Interest on Binance as Sell-Side Forces Take Over
XRP traders are bailing fast. Open interest on Binance collapsed 32% between August 22 and September 17, wiping out hundreds… Read the original on XRP Traders Exit Fast as Binance Open Interest Plummets 32% in Market Sell-Off. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
XRP Open Interest Plunges 32% on Binance as Spot Sellers Beat Buyers
XRP derivatives exposure has fallen sharply since late August as traders reduce leveraged positions while aggressive selling continues across spot and perpetual markets. Binance XRP open interest has dropped about 32%, while selling pressure has intensified across centralized exchanges. XRP Open Interest Drops Nearly One-Third XRP traders have sharply reduced derivatives exposure while aggressive sellers […]
The open interest of futures of XRP in the main exchanges of derivatives fell by about 23% in less than a month, going from approximately $1.128 million at the end of August to about $871 million, according to CryptoQuant Arab Chain. The contraction eliminated about $257 million in open positions, reflecting a reduction in the number of ... Read more
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