XRP Futures Show a Strange Split
$XRP
reached $1.60 on September 22, with reported trading volume near $7.4 billion.
CFTC data showed leveraged funds cut their CME net short by 46.3 million XRP in one week, from Sept. 8 to Sept. 15.
Across three Coinbase derivatives products, the same group reduced its net short by just 2.452 million XRP. Leveraged funds still held about 141.6 million XRP in combined Coinbase net shorts.
The data predates the latest rally, so it does not establish a direct cause.
Source: CryptoSlate
$XRP
reached $1.60 on September 22, with reported trading volume near $7.4 billion.
CFTC data showed leveraged funds cut their CME net short by 46.3 million XRP in one week, from Sept. 8 to Sept. 15.
Across three Coinbase derivatives products, the same group reduced its net short by just 2.452 million XRP. Leveraged funds still held about 141.6 million XRP in combined Coinbase net shorts.
The data predates the latest rally, so it does not establish a direct cause.
Source: CryptoSlate