Ether Open Interest Falls 7.80% as XRP Funding Reaches 10.9%

At 6:01 p.m. ET Sunday, Nov. 8, Ether (ETH) open interest fell 7.80% over 24 hours, the largest decline among five tracked assets, while XRP's funding rate led the group at 10.9% annualized. Open interest is the value of derivatives contracts that remain open. It fell for Bitcoin, Ether, Solana, XRP and Dogecoin in the snapshot. Long accounts outnumbered short accounts in all five markets. Ether's decline exceeded the 3.62% drop in Solana open interest in an earlier five-asset snapshot , which also showed XRP leading funding at 10.9% annualized. Bitcoin (BTC) had a mark price of $74,710 and a funding rate of 0.0036% every eight hours, or 3.9% annualized. Its open interest was $7.05 billion, down 3.13%.

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