According to @glassnode, XRP futures open interest fell from 1.7B XRP in early October to 0.7B XRP, a roughly 59% flush-out, indicating a material reduction in leveraged positioning, source: X post Nov 30, 2025 x.com/glassnode/status/1995162821039124553 and Glassnode data glassno.de/4pwZ0Cw. The 7-day SMA funding rate declined from about 0.01% to 0.001%, with October 10 marking a structural pause in speculators’ willingness to bet aggressively on upside, source: @glassnode via X x.com/glassnode/status/1995162821039124553 and Glassnode data glassno.de/4pwZ0Cw.