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Add as a preferred source on GoogleBinance XRP Open Interest Dropped Nearly 28% From Sept. 22
A $445 million reading was below the 180-day average of about $460 million. The decline reflected deleveraging and suggested pressure on XRP futures was easing.
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Binance XRP futures open interest fell nearly 28% from Sept. 22 to $445 million, below its 180-day average of about $460 million. The measure tracks the value of futures positions that remain open.
XRP’s lower price reduced the value of open positions, while liquidations during the sell-off also contributed to the decline. The decline reflected deleveraging and suggested that pressure on XRP futures was easing.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.