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XRP financing rate drops over 40% within one day
GateNewsBot
XRP-4,96%
PANews February 19 News, XRP’s daily financing rate has decreased by nearly 80%, indicating continued pressure in the derivatives market.
As of press time, according to real-time data from CryptoQuant, this unfavorable change is also accompanied by a roughly 4% decrease in open interest.
Since the financing rate reflects the balance between long and short traders, the negative value of this indicator suggests that market bets on further price declines are intensifying.
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