XRP Open Interest Falls 15.22%, Most Among Five Major Assets

XRP led five major crypto assets in 24-hour perpetual-futures open-interest declines in an Oct. 30 snapshot, following the Oct. 15 XRP open-interest drop, while long accounts outnumbered short accounts in every market.

The snapshot was taken at 7 a.m. ET (11:00 UTC). Bitcoin (BTC) had a mark price of $77,819 and $7.41 billion in open interest, down 4.57% over 24 hours. Its funding rate was positive at 0.0089% per eight hours, or 9.8% annualized. Positive funding means traders with long positions pay those holding short positions.

Ether (ETH) had a $2,251 mark price and $5.20 billion in open interest, down 6.79%. Its funding rate was 0.0005% per eight hours, or 0.6% annualized; long accounts represented 74.6%, compared with 25.4% for short accounts.

Solana (SOL) had a $97.35 mark price and $806.7 million in open interest, down 12.36%. Its funding rate was 0.0100% per eight hours, or 10.9% annualized, and long accounts made up 73.9% of the total.

XRP’s mark price was $1.26 and its open interest totaled $339.3 million, down 15.22%, the steepest decline in the group. Funding was 0.0100% per eight hours, or 10.9% annualized, and long accounts accounted for 72.4%.

Dogecoin (DOGE) had a $0.0762 mark price and $190.6 million in open interest, down 12.89%. Its funding rate was 0.0100% per eight hours, or 10.9% annualized, and long accounts represented 70.5% of the total.