Shiba Inu and XRP Rank Among Top Traded Futures on Bitrue Exchange – The Crypto Basic

With interest in both cryptocurrencies on the rise, Shiba Inu and XRP rank as the most traded futures on Bitrue.

This week, Shiba Inu (SHIB) and XRP have rocketed into the top 10 most traded assets on Singapore-based Bitrue exchange, joining other highly traded cryptocurrencies such as Bitcoin, Solana, and Ethereum, reflecting robust market activity and interest.

📢 Quick summary #Betrue Futures Top 10 Trading Assets This Week

👉 $BTC
👉 $ETH
👉 $XRP
👉 $sol
👉 $Gala

..etc!

Check out our Futures Clearing Insurance Event 👉 https://t.co/Ace7yoiaqb pic.twitter.com/oCskCcljKs

— Bitrue (@BitrueOfficial) May 25, 2024

XRP Trading Metrics

According to data from Coinglass, XRP We exhibited Futures trading volumes increased significantly this week, increasing by 9.54% across all exchanges to $595.22 million, while open interest increased slightly by 0.20% to a total of $622.97 million.

The long/short ratio for the past 24 hours was recorded at 0.9482, indicating more short positions than long positions. This dominance of short positions is also supported by XRP’s negative funding rate of 0.0157%.

As of the time of writing, the total amount liquidated for XRP is $204,330, of which $29,480 was short liquidations and $174,850 was long liquidations.

The data highlights significant liquidation activity on exchanges, with Bybit seeing the most long liquidations at $90.16K, followed by Binance with $49.16K in long liquidations. At the time of publishing this article, XRP is trading at $0.5295, representing a slight decrease of 1.32% over the past 24 hours.

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Shiba Inu Market Performance

Shiba Inu They also showed noteworthy trading metrics. According to data from Coinglass, SHIB’s trading volume increased by 17.81% to $120.5 million. Additionally, the open balance surged by 10.95% to $92.12 million. The long/short ratio over the past 24 hours was 0.8067, indicating a growing presence of short positions.

SHIB Liquidation Total total It rose to $139.58K, of which $111.21K was short liquidation and $28.37K was long liquidation. CoinEx in particular recorded the highest short liquidation at $44.85K and the lowest long liquidation at $978. At the time of writing, SHIB is trading at $0.000025405.