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    Home»Altcoins»Binance Merchants Overwhelmingly Lengthy XRP
    Binance Merchants Overwhelmingly Lengthy XRP
    Altcoins

    Binance Merchants Overwhelmingly Lengthy XRP

    By Crypto EditorApril 15, 2025No Comments2 Mins Read
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    Based on knowledge supplied by CoinGlass, Binance customers are overwhelmingly lengthy XRP.

    A powerful 67.6% of accounts are on the lengthy aspect of the commerce. The lengthy/ratio presently stands at 2.09.

    Notably, the identical additionally applies to the trade’s high merchants who’re within the high 20% of Binance’s customers by margin steadiness. 

    This isn’t the case for Bitcoin: the biggest cryptocurrency is presently being shorted by practically 55% of Binance accounts. 

    General, nonetheless, a slight majority of merchants (51.32%) are nonetheless betting in opposition to the Ripple-affiliated token, so the bullishness is proscribed to Binance and a number of other different buying and selling platforms comparable to BitMEX. 

    XRP’s open curiosity, which represents the whole variety of open derivatives contracts, presently stands at $3.15 billion after declining by greater than 4% over the previous 24 hours. 

    Almost $4 million price of XRP has been liquidated over the previous 24 hours. Lengthy positions make up the lion’s share of liquidations (61.5%).

    At press time, XRP is up by 1.18% on the Binance trade, altering palms at $2.15. Earlier in the present day, the cryptocurrency reached an intraday excessive of $2.16. 

    The token has now recovered by roughly 25% after plunging to a multi-month low of $1.6 on Apr. 7 amid a broader market sell-off pushed by macroeconomic uncertainty. 



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