Bitcoin Open Interest Falls 6.35% to $7.79 Billion in 24 Hours

Bitcoin (BTC) open interest fell 6.35% in 24 hours to $7.79 billion in an Oct. 22 perpetual-futures snapshot, as all five assets tracked declined and XRP recorded the sharpest drop. At 7:05 p.m. ET (23:05 UTC), BTC’s mark price was $81,332. Long accounts made up 67.6% of the total, compared with 32.4% short. Its funding rate was 0.0049% every eight hours, or 5.4% annualized. Positive funding means traders with long positions pay those with short positions. XRP open interest fell 7.02% to $415.4 million, the largest decline in the group.