XRP Posts Steepest Open Interest Drop in Five-Coin Snapshot

A five-asset perpetual-futures snapshot at 7 p.m. ET Oct. 30 (23:00 UTC) put XRP at the top of open-interest declines, with outstanding contract value down 12.31% in 24 hours to $329.1 million. Bitcoin (BTC) had the highest positive funding rate, while long accounts outnumbered short accounts for every asset in the group. TokenPost has covered an earlier five-asset funding snapshot . Open interest tracks the value of positions that remain open in derivatives markets. Funding rates reflect payments between traders with long and short positions; account shares show the percentage of accounts on each side.

Source: TokenPost