Coinbase Warns 97% of XRP Long Positions Are Unhedged
According to Pluang, Coinbase has issued a warning stating that 97% of XRP long positions are currently unhedged in the derivatives market.
Coinbase has issued a market warning indicating that 97% of XRP long positions are currently unhedged, according to data cited by Pluang.
The alert highlights significant directional exposure among traders holding long contracts on the asset.
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Market Exposure
The concentration of unhedged long positions points to elevated risks in the derivatives sector as traders position themselves heavily on one side of the market.
Key Facts
- Coinbase issued a warning regarding XRP derivatives positioning
- 97% of XRP long positions are unhedged
- Data reported by Pluang
Source: news.google.com
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