XRP Combined CVD Selling Nears $2 Billion
- —Spot XRP CVD on CEXs fell $1.3 billion to -$3.2 billion
- —Binance perpetual CVD dropped $688 million to -$1.5 billion
- —Open interest fell 24.5% on Binance and 28.1% on Bybit
- —Short-liquidation clusters above price are 3.86x larger than long clusters below
Why it matters: Falling CVD alongside shrinking open interest points to deleveraging rather than fresh shorting, though it does not guarantee an immediate recovery.
Source: The Crypto Basic