XRP Open Interest Drops Amid Long-Heavy Position Ratios
XRP open interest fell 29.7% while the long-to-short ratio reached 3.6 longs per short, according to CryptoTicker.
Open interest for XRP declined by 29.7% according to data published by CryptoTicker, pointing to a significant reduction in active derivative positions across the market.
Alongside the drop in open interest, market positioning showed a heavy skew toward long positions. Data indicates there are currently 3.6 long positions for every short position in XRP derivatives markets.
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Key facts
- XRP open interest decreased by 29.7%
- The long-to-short ratio stands at 3.6 longs per short
- Data reported by CryptoTicker
Source: news.google.com
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