Bitrue, a Singapore-based exchange, has seen a surge in trading activity for Shiba Inu (SHIB) and XRP, two popular cryptocurrencies. Both assets have entered the top 10 most traded assets on the platform, alongside well-known cryptocurrencies like Bitcoin, Solana, and Ethereum, indicating a high level of market interest.
XRP has experienced a notable increase in futures volume, rising by 9.54% to reach $595.22 million across all exchanges. Its open interest has also seen a slight uptick of 0.20%, totaling $622.97 million. The long/short ratio for XRP over the past 24 hours shows a higher prevalence of short positions compared to long positions, with a recorded ratio of 0.9482. This dominance of short positions is further supported by XRP’s negative funding rate of 0.0157%.
Examining XRP’s liquidations, the total liquidation value stands at $204.33K, consisting of $29.48K in short liquidations and $174.85K in long liquidations. Bybit has experienced the highest long liquidations at $90.16K, followed by Binance with $49.16K in long liquidations. As of now, XRP is trading at $0.5295, reflecting a slight decrease of 1.32% in the last 24 hours.
Shiba Inu has also shown significant trading metrics on Bitrue. Its trading volume has increased by 17.81% to reach $120.50 million, and its open interest has surged by 10.95% to reach $92.12 million. The long/short ratio for Shiba Inu over the past 24 hours indicates a stronger presence of short positions, with a recorded ratio of 0.8067.
The total liquidations for Shiba Inu amount to $139.58K, with $111.21K in short liquidations and $28.37K in long liquidations. CoinEx has recorded the highest short liquidations at $44.85K and the lowest long liquidations at $978. Currently, the price of SHIB is trading at $0.000025405.
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