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Deribit Data Shows XRP Calls With $5 Target Are Surging

Deribit Data Shows XRP Calls With $5 Target Are Surging

Bitget2024/12/13 19:51

Data shows that XRP calls with a $5 price target are surging in terms of volume and open interest, with the $5 call being the second most traded XRP option in the last 24 hours with 1.7 million contracts traded. (One contract represents 1 XRP). In addition, the $5 call is the most popular out-of-the-money or higher strike call option with a notional open interest of $1.25 million, according to Deribit data.

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$247 million liquidated across the entire network in the past 12 hours, mainly short positions.

A certain whale deposited $4 million USDC into HyperLiquid to avoid liquidation of their ETH short position, with total losses reaching $26 million.

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