XRP open interest up 13%... Binance XRPUSDT compared to a week ago
Original headlineXRP 미결제약정 13% 증가…바이낸스 XRPUSDT 1주 전 대비
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XRP open interest on Binance’s XRPUSDT perpetual contract rose 13% week-over-week as of 1:55 p.m. KST on the 5th, according to derivatives data provider Seandra. The figure is measured in token quantity for a single contract on a single exchange, so it does not represent the weekly growth rate of the entire dollar-denominated XRP futures market. Open interest reflects the volume of futures contracts not yet closed, and because longs and shorts both exist, an increase in the total does not reveal which side drove the buildup. Token-denominated open interest should also be distinguished from dollar-value measures, since price swings can change the latter independently. Traders will be watching whether the Binance-specific buildup broadens across venues and whether it translates into dollar-based open interest growth.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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XRP (XRP), Binance, Seandra
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