Bitfinex XRP Long Positions Reach 5.07 Million XRP on Oct. 20

Bitfinex long positions reached 5.07 million XRP on Oct. 20, while XRP/USD moved 1.65% during a period in which long exposure also increased, pairing a rise in leveraged exposure with market movement.

The 1.65% move spanned roughly 9:30 a.m. to 6 p.m. ET (13:30 to 22:00 UTC). Bitfinex long positions rose 0.82% over the same interval. The readings describe activity on separate platforms.

Crypto commentator John Squire cautioned, “But in a leveraged market, too much confidence can be dangerous.” If prices turn against leveraged long positions, forced liquidations can add to selling pressure. TokenPost has also covered XRP liquidations that were dominated by long positions.