Bitcoin News Today TheBitTimes.com

XRP is holding near $2.63 after adding a little over $10 billion in market value this week, but the real story is under the hood.  Derivatives positioning has gone through a full wash–rinse cycle in October: XRP ledger open interest (OI) across exchanges peaked near $3 billion on October 6, collapsed to roughly $1.08 billion by October 17 a collapse of 63%, according to data analyzed by Finbold from  CryptoQuant . XRP ledger open interest 1-month chart. Source: CryptoQuant XRP open interest recovered to about $1.39 billion as of October 26, the token’s price also bounced while leverage did not, which tells you spot demand steadied first and spec came back second. XRP ledger open interest 1-week chart. Source: CryptoQuant XRP ledger open interest hits May 2025 lows Binance did much of the deleveraging. Its XRP OI slipped back to the same neighborhood as the May 2025 trough, the point that preceded the run from $0.70 to $3.50. In May, perp funding compres...

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