XRP Four-Hour -3,711.06% Futures Flow Drop: What's Going On?

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The crypto market returned to red on Monday, with $360 million in liquidations over the last 24 hours. XRP was likewise trading in red, down 2.99% in the last 24 hours to $1.40. This drop is reflected on the derivatives market, with XRP futures flow, which suggests futures contracts inflows or outflows across major exchanges — indicating whether capital is entering or leaving derivative positions — dropping 3,711.06% in the last four hours. In the last 24 hours, $7.87 million were liquidated in the last 24 hours; $2.02 million of this figure came in during the last four hours. According to CoinGlass data, XRP futures inflow came in at $174.19 million in the last four hours, less than outflows at $204.77 million. The netflow change came in at a negative $30.57 million, yielding negative flows of 3,711.06%. The negative futures flow, which suggests increasing outflows in the last four hours, might indicate closing positions amid the ongoing market sell-off. XRP rebounded as much as 25% on Friday before retracing; thus the negative net outflow might suggest ерфе traders are reducing their exposure, in line with profit-taking or de-risking. Still, in a tentative sign of returning optimism, XRP exchange-traded funds recorded inflows of $15.16 million on Feb. 6, while cumulative weekly netflows came in at $39.04 million. February is set to see new amendments activate on the XRP Ledger. These include Permissioned DEX and Token Escrow amendments. On Feb. 11...