Gens Cash mentioned that data shows that since the beginning of October, the open interest in XRP futures has decreased from 1.7 billion XRP to 700 million XRP, a drop of 59%; at the same time, the funding rate has decreased from around 0.01% to 0.001%.

According to the blockchain data analysis platform Glassnode, this phenomenon indicates a structural halt in the market's desire to speculate on XRP.

XRP-1.36%

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