CoinScoopXRP volume hits $7.4B amid speculation of CME short squeeze
XRP trading volume surged to approximately $7.4 billion on Sept. 22, reaching an intraday high of $1.60. Market data from the Commodity Futures Trading Commission (CFTC) dated Sept. 15 indicates that leveraged funds significantly reduced their net short positions in CME futures by 46.3 million XRP over one week. While Coinbase Derivatives also saw a reduction in net short positions, the shift was notably smaller compared to the CME activity.
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