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⛓️ Crypto🟢 BullishImportance 6/10
XRP Sees $315M CVD Recovery on Binance as Leverage Ratio Hits Lowest Since 2024
🤖AI Summary
XRP experienced a significant $315M CVD recovery on Binance between March 23-25, with its Estimated Leverage Ratio dropping to 0.134 - the lowest level since 2024. The recovery occurred alongside stable open interest between $185M-$192M, indicating renewed buying activity without excessive leverage pressure.
Key Takeaways
- →XRP's combined spot and perpetual CVD on Binance recovered by $315M over two days from March 23-25.
- →Binance open interest remained stable between $185M-$192M during the recovery period.
- →XRP's Estimated Leverage Ratio hit 0.134 on Binance, marking the lowest reading recorded since 2024.
- →The buying activity returned without additional leverage pressure, suggesting healthier market dynamics.
- →Multi-exchange open interest delta averaged -$14M daily during this period.
Read Original →via Blockonomi
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