Glassnode: XRP futures open contracts rise 41.6% in one week, surpassing $1 billion

2025-05-13 09:15

According to Glassnode data, open XRP futures contracts have surged by over $1 billion in the past week, from $2.42 billion to $3.42 billion, up 41.6%, according to Foresight News. The significant increase in leverage ratio is consistent with the trend of XRP price rising from $2.14 to $2.48, indicating active speculative activity and increasing directional beliefs.

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Today 2025-05-31

13:10

In the live broadcast of the language community, the battle to defend 100000 has been completely defeated! How many BTC believers are awake tonight? Detailed analysis of BTC's future trends in the live broadcast room, implementation of long-term profit orders with a layout of 10000 points!

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 Good evening,everyone! I am your Da Bin teacher! 103 has temporarily stopped falling and stabilized, as this is the first Fibonacci key position to retrace from the top. The next weekend will be around 1000 points in terms of volatility data: Let's first analyze the exit situation of contract bulls. Binance perpetual trading has once again cut losses or cleared more than 200 million dollars against the big pancake contract bulls, while Ethereum bulls have cut losses or cleared more than 500 million orders; Combined with the data of liquidation, the bulls in this round of decline have accumulated liquidation of 1 billion US dollars, and the funding rate has also entered the stage of negative funding rate. Therefore, the liquidation of bulls has basically entered the later stage, and there may be another round of decline to around 100000 yuan for the final short squeeze. Finally, Abraxas Capital's hedging position on HyperLiquid has been fully profitable, and we can also refer to when the institution's hedging position will exit to assist in determining the bottom of this round of decline. Even Trump said that Dongda's breach of the agreement was stable, and Trump also raised $2.44 billion to buy # BTC. As a result, just after the sanctions against Dongda were announced in the early morning, S&P and BTC fell at the same time, breaking the bottom of 104. Plus 6 o'clock, Trump said to engage in tariffs, and the uncertainty increased again. The US stock market was closed, so BTC took all the responsibilities and continued to fall in shock. The uncertainty of overall tariffs has increased again, and it is already the weekend. We will closely monitor the situation from tomorrow night to Monday during the day, especially during periods of low liquidity. At present, BTC should be able to hold on at around 102-103, as this is the lower edge of the previous oscillation range. Hope there are good events this weekend. The 2-hour cycle shows that the trading volume of the Black Three Soldiers pattern is extremely shrinking, and the distribution of chips reveals a strong resistance band in the 108860-109573 area. The current price is below EMA24/52, and the medium - to long-term trend is weak. The J value has entered the oversold zone, combined with the RSI double bottom pattern, indicating short-term rebound demand. However, the price continues to narrow above 103000, and if it falls below, it will open up downward space. Suggest focusing on the effectiveness of 103000 support. Immediately enter the live broadcast room to obtain accurate chip distribution and real-time buying and selling point tips! Operation suggestion: BTC 103000 long first target to see 104200 second target to see 105500 ETH 2450 long first target to see 2500 second target to see 2580 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who arrange precise positioning to answer questions and provide free guidance Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.

13:04

The 'main explosive short order' has exploded by 11.26 million US dollars across the entire network in the past 1 hour, and the short order has exploded by 10.44 million US dollars

12:45

Base, Arbitrarum, and Mantle ranked among the top three net inflows of cross chain bridge funds in the past week

12:00

Mingkun Digital Currency Evangelist Live: Multi Head Graveyard Tragedy Upgrades! ETH drops 300 points in a row, is 2450 support a trap or a gold pit? (Countdown to in-depth live streaming analysis!)

11:47

XRP Down 4% as Global Economic Tensions Trigger Market Selloff