BlockBeats news, on August 8, according to glassnode, XRP futures volume surged, with a 24-hour volume rise of 208%, reaching $12.4 billion, surpassing SOL's $9.6 billion. Open interest climbed to $5.9 billion (+15%). glassnode analysis indicates that the current market funding rate suggests a significant amount of long positions, and if the price falls, it may increase liquidation risk.
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XRP futures volume surged by 208% in 24 hours, with open interest increasing by 15%.
BlockBeats news, on August 8, according to glassnode, XRP futures volume surged, with a 24-hour volume rise of 208%, reaching $12.4 billion, surpassing SOL's $9.6 billion. Open interest climbed to $5.9 billion (+15%). glassnode analysis indicates that the current market funding rate suggests a significant amount of long positions, and if the price falls, it may increase liquidation risk.