Add as a preferred source on GoogleXRP Futures Snapshot Lists MEXC Open Interest Up 11.8%
Total XRP futures open interest was down 0.33% to $2.26 billion in the same snapshot. The readings do not show whether traders favored long or short positions.
A timestamped market snapshot listed higher XRP futures open interest on MEXC alongside a slight decline in the total across exchanges. The figures capture different readings at one time and do not establish whether traders broadly leaned bullish or bearish.
At 3:35 a.m. ET (8:35 UTC) Nov. 13, MEXC XRP futures open interest was listed at $242.95 million, up 11.8% over 24 hours. Total XRP futures open interest stood at $2.26 billion, down 0.33% over the same period.
Open interest measures futures contracts that remain active. Each contract pairs a long position with a short position, so the aggregate change alone cannot show which side drove it or whether traders as a group favored a price rise or fall. A TokenPost explainer on open interest covers the limits of using the measure to infer market direction.
The snapshot follows TokenPost’s Nov. 11 coverage of XRP funding and falling open interest.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.