【Market Flash】Nearly $2 billion in selling pressure hit spot and perpetual markets simultaneously: From September 23 to October 16, XRP’s aggregate CVD fell by $1.988 billion. Spot CVD dropped from -$1.9 billion to -$3.2 billion, adding $1.3 billion in net aggressive selling; Binance perpetual CVD fell from -$812 million to -$1.5 billion. Binance XRP open interest fell from 302 million tokens to 228 million, down 24.5%, as selling pressure coincided with deleveraging.
(Source: CryptoBasic)
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