XRP Open Interest Drops 33.47% as Bitcoin Funding Stays Positive

XRP recorded the steepest open-interest drop among five crypto assets in the Oct. 15 perpetual-futures snapshot, while its funding rate was negative and long accounts remained the majority. At 7 a.m. ET (11:00 UTC), XRP open interest was $271.8 million, down 33.47% in 24 hours. Long accounts made up 72.8% of XRP accounts, compared with 27.2% short. Funding stood at -0.0047% every eight hours, or -5.2% annualized; its mark price was $1.31. Bitcoin (BTC) funding remained positive at 0.0015% per eight hours, equivalent to 1.6% annualized. Open interest fell 1.41% to $7.45 billion, long accounts represented 63.9%, and the mark price was $80,998. In the Oct. 9 five-asset snapshot , Bitcoin open interest was $7.64 billion.

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