CME XRP Market Sees Increased Short Positions Amid Rising Open Interest
- XRP open interest rose by 2,206 contracts to a total of 7,783 futures-equivalent contracts.
- This increase corresponds to approximately 110.3 million XRP, raising total exposure to about 389.2 million XRP.
- Leveraged funds now hold a net short position of 2,314 contracts (about 115.7 million XRP), up from a net short of approximately 57.35 million XRP the previous week.
- Dealers increased their net-long position by a total of about $59.75 million XRP, while asset managers added $28.25 million XRP in net-long contracts.
The contrasting positions among institutional players indicate differing views on the future direction of XRP. While leveraged funds have expanded their short exposure significantly, dealers and asset managers are increasing their long positions.
As leveraged funds now face a net short exposure equivalent to about 115 million tokens, they remain vulnerable if the price momentum continues upward.(Source)
