Objectively speaking, while checking the derivatives data today, I noticed $XRP : open interest is up 1.81% over 15 minutes, currently at $281 million.
But the price is falling (-0.38%), which suggests new shorts are piling in. At times like this, I pay extra attention to potential rebounds after the market gets too crowded with shorts.
What do you think? Let me know in the comments.
But the price is falling (-0.38%), which suggests new shorts are piling in. At times like this, I pay extra attention to potential rebounds after the market gets too crowded with shorts.
What do you think? Let me know in the comments.