Citing Coinomedia, XRP futures open interest has declined sharply from $1.7 billion to $0.7 billion since early October, according to blockchain analytics firm Glassnode. Funding rates for XRP perpetual contracts have also dropped from 0.01% to 0.001%, signaling reduced speculative activity. The firm describes the trend as a 'structural pause in speculative appetite,' indicating traders are adopting a more cautious stance ahead of clearer market signals.
XRP Futures Open Interest Drops 59% as Speculation Wanes
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