XRP traders bet on a rebound as price slips to $1 and bearish chatter surges

Futures open interest climbed to $2.78 billion and traders on Binance and OKX leaned heavily long, even as social sentiment hit a three-month low.
Key Takeaways
- Futures open interest climbed to $2.78 billion and traders on Binance and OKX leaned heavily long, even as social sentiment hit a three-month low.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
Zoomex Launches Stock Perpetuals Competition Round 2: Elevating Cross-Asset Derivatives for Global Traders
Zoomex, a global cryptocurrency derivatives exchange, today officially announced the commencement of its highly anticipated Stock Perpetuals Competition Round 2. Engineered to seamlessly bridge the gap between Traditional Finance (TradFi) and Web3 crypto…
Solana ETF Inflows Surge 70x to Best Week Since May, But There’s a Catch
Solana (SOL) spot exchange-traded funds (ETFs) drew $10.26 million in the week ending August 14, according to SoSoValue. That total ran roughly 70 times the prior week’s roughly $144,930. The intake marks the strongest week since May 22. Two funds produced…
UNI Price Sinks 18% While Whales and Exchanges Move Opposite Ways
Whales pulled Uniswap (UNI) tokens off Binance at the fastest pace in five years, a sign of conviction among the token’s largest holders. The price has moved in the opposite direction, with UNI down 18% over the past week. The withdrawals suggest large…