Markets· ★★★· bearish·

XRP Traders Cut Binance Futures Exposure by $85M After $25.7M Long Liquidations

  • —Binance XRP open interest dropped $85.1 million over 13 days
  • —Long liquidations totaled $25.7 million on October 7-8
  • —XRP fell from about $1.52 to $1.29 during the period
  • —Exchange reserves stand at 11.81 billion XRP, a 99th percentile reading
Why it matters: Lower leverage reduces the risk of cascading liquidations, but heavy exchange balances keep spot-side supply pressure in play.
#XRP
Source: Coinpaper
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