🚨 XRP FUTURES ARE SHOWING A STRANGE SPLIT. 👀
As $XRP pushed to $1.60, leveraged funds showed very different positioning across derivatives venues.
📉 CME → Net shorts cut by 46.3M XRP in one week
🏦 Coinbase → Net shorts cut by only 2.45M XRP
🐻 Coinbase combined net shorts → Still around 141.6M XRP
But there's one important detail: the CFTC data only runs through September 15, before XRP's latest rally.
👻 Ghost's Take
CME shorts backed off fast. Coinbase shorts barely moved.
If XRP keeps climbing, watch what happens to those remaining short positions. 👀
$XRP #XRP #Ripple #Crypto
As $XRP pushed to $1.60, leveraged funds showed very different positioning across derivatives venues.
📉 CME → Net shorts cut by 46.3M XRP in one week
🏦 Coinbase → Net shorts cut by only 2.45M XRP
🐻 Coinbase combined net shorts → Still around 141.6M XRP
But there's one important detail: the CFTC data only runs through September 15, before XRP's latest rally.
👻 Ghost's Take
CME shorts backed off fast. Coinbase shorts barely moved.
If XRP keeps climbing, watch what happens to those remaining short positions. 👀
$XRP #XRP #Ripple #Crypto