Data: Open interest in XRP futures contracts has decreased by 59% since the beginning of October, from 1.7 billion XRP to 700 million XRP.
data shows since early October, the open interest of XRP futures contracts has dropped from 1.7 billion XRP to 700 million XRP, a decrease of 59%; meanwhile, the funding rate has also dropped from about 0.01% to 0.001%.
According to blockchain data analysis platform Glassnode, this phenomenon marks a structural stagnation in the market's speculative willingness towards XRP.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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