$XRP seeing frequent position reductions on-chain—has market sentiment worsened?
$XRP funding rate +0.0021%, long-to-short ratio 1.212. In the same period, the funding rates for $BTC and $ETH rose by 0.0077% and 0.0042%, respectively, with relatively higher long-to-short ratios.
Holders reduce positions, while exchange inflows go into $BTC and $ETH. $XRP ’s decline is mainly driven by adjustments in market sentiment. Data source: CoinGecko market monitoring
#Market Analysis
$XRP funding rate +0.0021%, long-to-short ratio 1.212. In the same period, the funding rates for $BTC and $ETH rose by 0.0077% and 0.0042%, respectively, with relatively higher long-to-short ratios.
Holders reduce positions, while exchange inflows go into $BTC and $ETH. $XRP ’s decline is mainly driven by adjustments in market sentiment. Data source: CoinGecko market monitoring
#Market Analysis
