XRP Leverage Collapses 78% On Binance – The Crowded Trade Has Been Cleared | Bitcoinist.com

XRP is trading below $1.40. Weeks of consolidation have given way to renewed selling pressure. And beneath the price action, the derivatives market is telling a story the spot chart cannot. A Crypt...

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XRP Leverage Collapses 78% On Binance – The Crowded Trade Has Been Cleared | Bitcoinist.com

Source: Bitcoinist.com

XRP is trading below $1.40. Weeks of consolidation have given way to renewed selling pressure. And beneath the price action, the derivatives market is telling a story the spot chart cannot. A CryptoQuant analyst tracking Binance derivatives data has identified a deleveraging cycle of unusual magnitude: XRP’s Estimated Leverage Ratio on Binance has collapsed from […]

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