According to market reports, open futures positions on XRP have grown sharply this month, even as the token struggles to push past the $3 0 Reading: Bitcoin Just Did It — New Record High Above $125,000 This ‘Uptober’ CryptoQuant data shows open interest near $2.92 billion, while Coinglass reports a much higher $8.94 billion figure, reflecting wider market coverage that includes venues such as the 1 Interest Climbs Despite Price Hurdles Reports have disclosed that XRP’s open interest rose from $2.34 billion on September 25 to roughly $2.92 billion as of 2 increase comes at the same time the token moved from a low of $2.74 to about $2.99, nearly 10%.
Yet trading activity has not kept 3 fell by 10% over 24 hours to $5.76 billion, which suggests fewer spot trades are backing the surge in futures 4 data providers tell different parts of the 5 pulls figures from major crypto exchanges and shows OI near $2.92 6 on broader coverage, Coinglass places the number at $8.94 7 gap is largely explained by the range of exchanges 8 venues that handle large futures flows, including margin and institutional platforms, are captured by one service and not the 9 matters because the total picture of positions across markets can change how a price move plays 10 Build Positions While Volume Eases Traders appear to be building more futures positions even while outright trading slows.
Margin-based bets have 11 makes the market more sensitive to price 12 open interest increases into a firm resistance level — here, the psychological and technical barrier around $3 — a failed breakout can quickly trigger forced exits and sharp moves in either 13 simply: more open bets without matching spot volume raises the odds of sudden 14 Hopes Add A Different Layer Institutional optimism is also in the 15 an interview with Paul Barron, Canary Capital CEO Steven McClurg raised his initial estimate for potential XRP ETF inflows from $5 billion to as much as $10 16 Reading: 2%–4% In Crypto? Morgan Stanley Thinks That’s The Smart Move Now He suggested ETF demand could reach $2–3 billion on day one under favorable market 17 projections are drawn from past ETF launches and the large allocation some institutional buyers showed for early Bitcoin 18 have also highlighted ongoing talks between the SEC and the CFTC about crypto oversight, a development that could affect ETF approvals and market 19 commissioner Paul Atkins has been pressing for what he calls an “innovation exemption” to speed certain 20 clearer rules are in place, big institutional moves remain possible but not 21 image from Vecteezy, chart from TradingView
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