From BigGo Finance · BigGo Finance · · 50s
XRP Leverage Drops 26.2% on Binance
XRP leverage on Binance falls 26.2% as traders reduce risk exposure.
In brief
XRP leverage on Binance falls 26.2% as traders reduce risk exposure. XRP's Binance leverage ratio dropped 26.2% in October from September's 0.229 to 0.169 as traders trimmed risk. Originally reported by BigGo Finance.
XRP Leverage Ratio
Binance's estimated leverage ratio for XRP fell 26.2% in under a month.
Ratio Drops to 0.169
The ratio dropped to about 0.169 in October from 0.229 in September.
Historical Context
The ratio peaked at 0.260 in January before falling to 0.133 by late March.
Price and Positioning
XRP traded near $1.30 as leveraged positioning shrank.
Reduced Liquidation Risk
Arab Chain said the shift could reduce liquidation-driven volatility.
Ongoing Risk
Liquidation risk persists as data does not show voluntary position closures.
Here's the gist
XRP's Binance leverage ratio dropped 26.2% in October from September's 0.229 to 0.169 as traders trimmed risk.
