XRP short sellers are stepping up, but strangely, whale wallets are still growing
Introduction
The latest data from Santiment shows that bearish sentiment in the XRP market has grown significantly. Among the high-profit wallets currently being tracked, only one is still long—and it hasn’t moved in months. The three active short sellers, on the other hand, are going all in: since late October, they’ve added another 2.1 million XRP, and some are even targeting $0.99 (they’re really not holding back).
But what’s interesting is that the whales haven’t all disappeared.
The number of wallets holding over 1 million XRP has reached 2,147, a new high for this year, with 28 added in just 10 days. On November 1 alone, 7,934 new wallets were added.
Here are a few figures:
XRP: around $1.16
Short positions added: 2.1 million XRP
Wallets holding over 1 million XRP: 2,147
New wallets added in a single day: 7,934
I think the most interesting thing to watch right now isn’t who’s calling for a drop, but the clear divergence in the market.
Some are busy shorting, while the number of some whale addresses is still growing$XRP $BTC $ETH #非农就业数据推升加息预期
Introduction
The latest data from Santiment shows that bearish sentiment in the XRP market has grown significantly. Among the high-profit wallets currently being tracked, only one is still long—and it hasn’t moved in months. The three active short sellers, on the other hand, are going all in: since late October, they’ve added another 2.1 million XRP, and some are even targeting $0.99 (they’re really not holding back).
But what’s interesting is that the whales haven’t all disappeared.
The number of wallets holding over 1 million XRP has reached 2,147, a new high for this year, with 28 added in just 10 days. On November 1 alone, 7,934 new wallets were added.
Here are a few figures:
XRP: around $1.16
Short positions added: 2.1 million XRP
Wallets holding over 1 million XRP: 2,147
New wallets added in a single day: 7,934
I think the most interesting thing to watch right now isn’t who’s calling for a drop, but the clear divergence in the market.
Some are busy shorting, while the number of some whale addresses is still growing$XRP $BTC $ETH #非农就业数据推升加息预期
