XRP open interest plummets 25% to 1.5B amid sustained caution; over half supply underwater with daily losses $20M-$110M. Dive into XRP price prediction, crypto market crash signals, and XRP deleveraging impact.

According to @thedaoofwei, Cathie Wood says the absence of a broad crypto bull run stems from an Oct 10 Binance flash crash and software glitch that forced roughly 28 billion of deleveraging across crypto, with Bitcoin hit hardest due to its liquidity (source: @thedaoofwei). She adds the forced unwind is mostly complete, shifting focus to whether the four year cycle has bottomed, and she expects BTC to base near the 80K to 90K area before moving higher if consolidation holds (source: @thedaoofwei). She notes institutions are no longer debating Bitcoin’s legitimacy and are now working on position sizing as a low correlation asset (source: @thedaoofwei). Trading takeaway: if deleveraging is largely done, risk may pivot from forced selling to accumulation strategies around anticipated consolidation, with BTC liquidity likely leading price discovery (source: @thedaoofwei).

According to the source, ETHZilla sold $74.5 million worth of ETH to repay debt and will move away from its digital asset treasury strategy to focus on real-world asset tokenization, source: ETHZilla statement referenced in the provided post dated Dec 23, 2025. This constitutes immediate sell-side ETH flow and signals a strategic reallocation from native crypto holdings toward RWA exposure, source: same.

According to @lookonchain, wallet 0xa339 sold 20,599 ETH ($59.1M) at $2,869 over the last two days to repay loans (source: @lookonchain). According to @lookonchain, the address still holds 30,000 ETH (~$85.2M) on Aave with $15.7M in USDT debt outstanding (source: @lookonchain). According to @lookonchain, the whale also sold 5,094 ETH (~$7.5M) at $1,471 today to further reduce debt (source: @lookonchain). According to @lookonchain, historical activity shows the wallet borrowed 80.91M USDT on July 5, 2024 to buy 26,235 ETH at $3,084, and on March 11 sold 25,800 ETH for 47.8M USDT at $1,853 to repay part of the debt (source: @lookonchain; DeBank address shared by @lookonchain). According to @lookonchain, cumulative losses on ETH are estimated at roughly $40M (source: @lookonchain). Based on the reported collateral and debt from @lookonchain, the implied LTV is about 18% (15.7M/85.2M), derived from those figures (source: @lookonchain).

According to @ai_9684xtpa, address 0xA339d279e0A3A9EDE11eCEAc2ec9529EEBDAE12c sold 9,999.95 ETH at an average price of $2,921.35 over the past two hours, realizing approximately $11.92 million in profit, source: Ai 姨 (@ai_9684xtpa) on X. The same address previously bought 19,973 ETH on April 23, 2025 for roughly $34.54 million and had looped its ETH long up to 50,000 ETH at that time, source: Ai 姨 (@ai_9684xtpa) on X. The address did not exit when ETH reached around $4,700 earlier, per the author, source: Ai 姨 (@ai_9684xtpa) on X. The wallet currently has 40,597 WETH posted as collateral on Aave with about $39.05 million borrowed, source: Ai 姨 (@ai_9684xtpa) on X and DeBank profile https://debank.com/profile/0xa339d279e0a3a9ede11eceac2ec9529eebdae12c. An earlier update cited a liquidation level of $1,586.84 for the prior 50,000 ETH looped-long structure, source: Ai 姨 (@ai_9684xtpa) on X. These on-chain flows confirm profit-taking near the $2,900 level while significant leverage remains on Aave, source: sale and Aave stats reported by Ai 姨 (@ai_9684xtpa) on X and DeBank profile.

According to @ai_9684xtpa, address 0x931...3c721 sold 150 BTC on-chain over the past 3 hours at an average price of $92,276 and used the proceeds to repay Aave debt, realizing a $75,000 loss on that tranche, source: @ai_9684xtpa on X. The same address began a WBTC long in April 2025, accumulating 340.2 WBTC at $92,777.36 for $31.56 million, source: @ai_9684xtpa on X. The address currently has 225.07 WBTC posted as collateral on Aave against $8.74 million borrowed with a health factor of 1.85, source: DeBank profile of address 0x931433324e6b0b5b04e3460ef3fb3f78dda3c721.

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.

According to @cas_abbe, Bitcoin de-leveraging has started as shorts built after the October 10 crash are now being closed, implying a short-covering driven rise in BTC. According to @cas_abbe, this process could persist for 2-3 weeks with BTC continuing to trend higher. According to @cas_abbe, the key threshold is open interest returning to October 10 levels and BTC moving above $100,000, at which point a major positioning decision is expected. According to @cas_abbe, if spot demand remains firm while traders keep fading the rally, the traditional 4-year cycle could break and a new all-time high may occur in Q1 2026. According to @cas_abbe, traders should track BTC open interest versus the October 10 baseline, the pace of short closures, and price reaction around $100,000 as near-term catalysts.

According to @lookonchain, address 0x4ed0 used leveraged loop borrowing to buy 18,447 ETH for 81.5M dollars at a 4,417 dollar average and 1,560 WBTC for 182M dollars at a 116,632 dollar average, source: @lookonchain. Over the past three days, the address sold 18,518 ETH for 56.41M dollars at a 3,046 dollar average to repay debt, realizing a loss of over 25M dollars, source: @lookonchain. The remaining 1,560 WBTC is valued at 138.56M dollars with an unrealized loss of over 43M dollars, putting total losses above 68M dollars in three months, source: @lookonchain.