FeesSafety
Pluang+

Open interest in major crypto futures drops, led by XRP's 7% decline, signaling cautious trader sentiment.

Market News
23 Oct 2026
Tokenpost
View Source
Bearish
Open interest in major crypto futures drops, led by XRP's 7% decline, signaling cautious trader sentiment.

Open interest in Bitcoin (BTC) and four other major cryptocurrencies fell notably within 24 hours, with XRP experiencing the sharpest drop of 7.02% to $415.4 million. BTC open interest declined 6.35% to $7.79 billion, while Ether (ETH), Solana (SOL), and Dogecoin (DOGE) also saw decreases ranging from 1.11% to 4.61%. These changes reflect a cautious stance among traders, with long positions dominating but funding rates indicating that longs pay shorts. The shifts in open interest and funding rates suggest traders are adjusting their exposure amid market uncertainty.

Bitcoin trades at Rp1.471.387.919 on Pluang as of Oct 23, 2026 23:41 WIB, showing a slight 0.19% gain despite the reported 6.35% drop in open interest to $7.79 billion. XRP is priced at Rp23.678 with a 0.73% decline, while Solana and Dogecoin show modest gains of 0.57% and 1.47%, respectively. These price movements occur alongside a high sell order activity for BTC at 70%, indicating cautious sentiment among Pluang traders.

More News (BTC)

Bitcoin may gain if AI stocks fall, as investors might rotate profits into BTC, says crypto influencer.

Bitcoin may gain if AI stocks fall, as investors might rotate profits into BTC, says crypto influencer.

Crypto influencer Ki Young Ju suggests Bitcoin is less vulnerable to a drop in AI stocks because it did not heavily participate in their recent rally. If AI stocks decline, investors who profited from them might move some funds into Bitcoin, potentia...

Market News
Bullish
4 hours ago
U.S. Bitcoin ETFs see $635.6M outflow, reversing October gains and pushing net flows negative.

U.S. Bitcoin ETFs see $635.6M outflow, reversing October gains and pushing net flows negative.

U.S. spot Bitcoin ETFs experienced a significant outflow of $635.6 million on Thursday, wiping out nearly 60% of the $1.07 billion inflows over the previous three days and turning October net flows negative by about $176 million. Ethereum and Solana ...

Market News
Bearish
4 hours ago
Crypto market cap drops 6.37% as Bitcoin and major tokens fall sharply

Crypto market cap drops 6.37% as Bitcoin and major tokens fall sharply

The total cryptocurrency market capitalization declined by 6.37% to $2.74 trillion as of October 22, with Bitcoin falling 4.04% to $81,255. Other major tokens like Ether, Solana, Dogecoin, XRP, and BNB also saw notable losses, with Dogecoin and XRP d...

Market News
Bearish
5 hours ago
Bitcoin ETFs see $635M outflows as XRP and Zcash ETFs attract millions amid market correction

Bitcoin ETFs see $635M outflows as XRP and Zcash ETFs attract millions amid market correction

On October 23, 2026, U.S. spot Bitcoin ETFs experienced a significant outflow of $635 million amid a market correction influenced by macroeconomic pressures and U.S. stock market declines. Meanwhile, institutional capital rotated into alternative ass...

Market News
Neutral
6 hours ago
PEPE meme coin jumps 14% as traders seek risk amid Bitcoin's quiet trading near $82,000

PEPE meme coin jumps 14% as traders seek risk amid Bitcoin's quiet trading near $82,000

PEPE, a speculative meme coin, surged up to 14% on October 23 while Bitcoin remained stable around $81,700. This rise is driven by increased speculative interest and futures trading rather than fundamental news. On-chain data shows a decline in PEPE ...

Market News
Bullish
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App