XRP Spot CVD Hits $267.4M While Perpetual Shorts Crash to -$792.5M Record

XRP-2.54%
According to Cryptoquant data, XRP's Estimated Spot Cumulative Volume Delta (CVD) climbed to $267.4 million at press time, the highest level since mid-May, signaling strong spot buyer support that has pushed the asset toward $1.20. However, Binance perpetual CVD fell to a record -$792.5 million, indicating heavy short positioning among derivatives traders. This divergence suggests XRP's price recovery is powered by spot buyers absorbing perp selling pressure. Simultaneously, estimated leverage ratio on Binance reached 0.187, near period highs, while exchange supply ratio fell to 0.0268, implying limited available supply for sale. The combination of elevated leverage and significant short positions creates volatility risk if spot demand weakens.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments