97% of Tracked XRP Net-Long Exposure Was Entered Above Spot Price
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97% of Tracked XRP Net-Long Exposure Was Entered Above Spot Price
About 97% of tracked XRP net-long exposure was entered above spot, with the largest bullish positioning cluster sitting around the $1.40 region. XRP’s positioning map shows an unusual imbalance around current prices: roughly 97% of the tracked net-long exposure was opened above the $1.31 spot level used in the snapshot.Visit Website
Coinbase Markets reported that 97% of net-long XRP derivative positions were opened above $1.31, with the largest concentration around $1.40.
🚨 Coinbase announced that 97% of net long derivative positions in $XRP were opened above $1.31. 📉 The largest cluster of long positions is accumulating around $1.40, increasing the risk of selling pressure. 📊 Glassnode showed a net short cluster of over $20 million around $1.49 and $1.50. Read More: Coinbase points to losing long positions in the XRP derivatives market The article "Coinbase points to losing long positions in the XRP derivativ…
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