Spot buyers add $451M XRP as futures shorts reach $1.5B
Title: XRP spot buys hit $451M as perps sit at -$1.5B, CryptoQuant says
Spot buyers step in on XRP. Futures traders stay net short.
Two markets. One level. Opposite bets.
- Binance Spot CVD has climbed to $451M, showing steady buy-side flow in spot markets CryptoQuant report.
- Binance Perpetual CVD sits near -$1.5B. All CEX Perpetual CVD hovers around -$1B, indicating broad bearish leverage in derivatives CryptoQuant report.
The setup is classic squeeze fuel. Spot demand absorbs sell pressure from shorts. If spot keeps building while shorts stay crowded, forced unwinds can add buy pressure, not sell pressure CryptoQuant report.
It’s not a bullish signal by itself. It’s a pre-bullish structure. Liquidation metrics point to exposed bearish positioning, raising squeeze sensitivity if flows persist CryptoQuant report.
Technical picture stays heavy. Price trades near $1.31 after a February breakdown, stuck between roughly $1.25–$1.50. Lower highs persist. The 50D and 100D MAs trend down above price. Volume faded during consolidation, with repeated failures above $1.40. Without a reclaim of key MAs and a range breakout, a retest of lower supports remains in play.
