glassnode: XRP derivatives leverage continues to shrink, market sentiment remains cautious

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ME News Report, April 13 (UTC+8), on the on-chain analysis platform Glassnode posted on X that after experiencing a sharp deleveraging in early October 2025, the open interest (OI) of XRP perpetual contracts dropped significantly from 7 billion tokens to 2 billion tokens, a decline of 71%. Subsequently, market positions further compressed, and OI decreased by another approximately 25% to 1.5 billion tokens. The market has not yet rebuilt speculative positions, indicating that derivatives traders remain cautious overall, and risk appetite has not yet noticeably recovered. (Source: ODAILY)

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