XRP open interest is climbing faster than anything else in futures.
As of the 6 a.m. ET Nov. 1 snapshot, $XRP open interest rose 4.30% to $344.5M, the steepest gain across five major markets (EconoTimes). $BTC stayed largest at $7.63B, up 1.34%.
Funding on BTC, SOL and XRP sat at 0.0100% per 8 hours, so longs are paying but nothing looks overheated.
My take: more positions opening on XRP means more people expect a move, but open interest doesn't say which direction.
Are you watching open interest or funding more closely right now?
#XRP #Futures #OpenInterest #Crypto
Not financial advice.
As of the 6 a.m. ET Nov. 1 snapshot, $XRP open interest rose 4.30% to $344.5M, the steepest gain across five major markets (EconoTimes). $BTC stayed largest at $7.63B, up 1.34%.
Funding on BTC, SOL and XRP sat at 0.0100% per 8 hours, so longs are paying but nothing looks overheated.
My take: more positions opening on XRP means more people expect a move, but open interest doesn't say which direction.
Are you watching open interest or funding more closely right now?
#XRP #Futures #OpenInterest #Crypto
Not financial advice.