Open interest on futures on the Ripple (XRP) side has reached a record high, surpassing $1.1 billion in the last 24 hours.
The open interest in XRP futures has increased by more than $ 1.1 billion in the last 24 hours, surpassing the record level of $ 1 billion last week and set a new record for the year. According to the data, the XRP price surged up to a second 6 percent while major cryptocurrencies remained unchanged. Despite the stagnation in altcoins, the volatility on the XRP front brought the record in futures.
XRP defies BTC in liquidation data
While $5.25 million worth of BTC has been liquidated in the last 12 hours, $4.79 million has been liquidated in XRP. Looking at the last 24 hours, a total of 63.82 million dollars of liquidation was provided. The most liquidated value in a single transaction was the BTC/USDT parity on Binance with $882,000.
When we consider the data on the exchanges, a lot of liquidation in the last 12 hours has been achieved with $2.08 million in Binance. 63.59 percent of the liquidated transactions in the stock market are short transactions. Remarkable data came from Huobi and Bitmex exchanges. Short-sided transactions account for 78.87 percent of the liquidated transactions in Huobi. Looking at Bitmex, it is seen that long-sided transactions are liquidated, unlike other exchanges.
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