The trap that the whales set on XRP
Recently, XRP formed a top pattern with a projected drop of 20
Leveraged traders rushed to open short positions
Open interest spiked
Funding rates became heavily negative
Perfect scenario for a trap
Meanwhile, the whales quietly accumulated 150 million XRP (US$ 200 million)
Result: XRP reversed and rose 6, liquidating the shorts
Moral of the story: When open interest rises and funding becomes very negative, be wary. It could be a shark trap
#XRP #Armadilha #ShortSqueeze #Baleias #Derivatives $XRP
XRP
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