241118: XRP Sees Record Futures Bets Amid Price Surge Above $1.20
Regulatory clarity and upcoming technical changes are spurring growth in XRP-tracked futures, with open interest zooming to record highs on Saturday as prices spiked more than 20% over 24 hours. XRP and U.S. dollar-denominated open interest are at record levels as of Sunday, with over 2 billion tokens (worth nearly $2 billion at current prices) in futures positions betting on further market volatility.
Long/short data shows that traders are slightly biased toward shorts, with 51% in bets against further price increases. (While the ratio should theoretically remain 50:50 at all times as there is always a short trade for each long trade, the bias gives an insight into how savvy traders are positioning over a very short-term period, such as 24 hours). Open Interest (OI) refers to the total number of outstanding derivative contracts not settled for an asset. An increase in both OI and prices typically indicates that new money is entering the market — indicative of a bullish trend. On the other hand, if the price rises but OI falls, the rally might be driven by short covering rather than new buying, potentially signaling a weaker trend.
XRP prices zoomed above $1.20 in U.S. morning hours Saturday, taking weekly gains to over 87%, which set a three-year price high for the token. Gains in XRP started late Thursday as 18 U.S. states filed to sue the SEC and commissioners, including chairman Gary Gensler, accusing them of unconstitutional overreach of the crypto industry.
The speculative optimism among traders is that a crypto-friendly Trump administration could benefit tokens linked to U.S.-based companies, such as Ripple Labs (related to XRP) and Uniswap (UNI), as the firms are more involved in boosting value for token holders as the regulatory headwinds appear to have cleared. In addition, a key fundamental development that may boost future gains in XRP is the upcoming RLUSD stablecoin by Ripple Labs, a company closely related to the issuance of XRP. Ripple plans to use RLUSD in its cross-border payments product, providing liquidity, facilitating faster and cheaper transactions, and potentially integrating with various decentralized finance (DeFi) protocols across multiple blockchains, as previously reported.
Source: CoinDesk
Futures Market Updates
Bitcoin and Ethereum both saw stable OI yesterday at $55B and $17B, and the funding rates show an extremely bullish overall sentiment.
Bitcoin Futures Updates
Total BTC Open Interest: $55.09B (+1.00%)
BTC Volume (24H): $57.38B (+8.14%)
BTC Liquidations (24H): $24.69M (Long)/ $12.70M (Short)
Long/Short Ratio: 48.92%/51.08%
Funding Rate: 0.0272%
Ether Futures Updates
Total ETH Open Interest: $17.56B (+0.74%)
ETH Volume (24H): $27.82B (-14.55%)
ETH Liquidations (24H): $16.88M(Long)/ $7.21M (Short)
Long/Short Ratio: 48.77%/51.23%
Funding Rate: 0.0327%
Top 3 OI Surges
APU: $25.88 (+2,487.50%)
SCRT: $4.03M(+575.33%)
CSPR: $6.46M (+120.12%)
XRP创下期货投注记录，价格飙升至超过$1.20监管清晰度和即将到来的技术变革推动了XRP相关期货的增长。截至周六，XRP的未平仓合约（OI）创下历史新高，价格在24小时内飙升超过20%。截至周日，XRP与美元计价的未平仓合约均达到历史高点，期货头寸中有超过20亿枚代币（按当前价格价值近20亿美元），表明市场对未来波动性充满信心。多空数据显示，交易者对做空略显偏好，其中51%的头寸押注价格进一步下跌。（理论上，多空比例应始终保持50:50，因为每笔多头交易都有相应的空头交易。然而，该比例的偏差揭示了短期内交易者的市场定位，例如24小时内的趋势。）未平仓合约（OI）指的是某资产尚未结算的衍生品合约总数。OI和价格的同步上涨通常表明有新资金进入市场，这是牛市趋势的迹象。然而，如果价格上涨而OI下降，则可能表明此次上涨是由空头回补推动，而非新买入，可能暗示趋势较弱。周六美国上午时段，XRP价格突破$1.20，将本周涨幅推至超过87%，创下该代币三年来的价格新高。XRP的涨势始于周四晚间，当时18个美国州联合起诉SEC及包括主席加里·根斯勒在内的委员，指控其对加密行业存在违宪的过度监管。交易者中的投机性乐观情绪认为，支持加密行业的特朗普政府可能会对与美国公司相关的代币（如Ripple Labs相关的XRP和Uniswap的UNI）有利，因为这些公司致力于为代币持有者创造价值，而监管阻力似乎已被清除。此外，XRP未来上涨的一个关键基础性发展是Ripple Labs即将推出的RLUSD稳定币。Ripple计划在其跨境支付产品中使用RLUSD，以提供流动性、加快并降低交易成本，并可能与多个区块链上的去中心化金融（DeFi）协议集成。来源：CoinDesk
比特币和以太坊
昨日，比特币和以太坊的未平仓合约保持稳定，分别为$55B和$17B。资金费率显示整体市场情绪极为看涨。
比特币期货更新
总未平仓合约：$55.09B (+1.00%)交易量（24H）：$57.38B (+8.14%)强平（24H）：$24.69M（多）/$12.70M（空）多空比例：48.92%/51.08%资金费率：0.0272%
以太坊期货更新
总未平仓合约：$17.56B (+0.74%)交易量（24H）：$27.82B (-14.55%)强平（24H）：$16.88M（多）/$7.21M（空）多空比例：48.77%/51.23%资金费率：0.0327%
未平仓合约增幅前三
APU：$25.88 (+2,487.50%)SCRT：$4.03M (+575.33%)CSPR：$6.46M (+120.12%)
