According to Cas Abbé, XRP futures 24-hour volume jumped 208% to $12.4B, overtaking Solana’s $9.6B, marking a shift in derivatives flow toward XRP, source: Cas Abbé on X. Open interest rose 15% to $5.9B, indicating materially higher positioning in XRP derivatives, source: Cas Abbé on X. Funding is positive on XRP perpetuals, which signals a long bias where longs pay shorts, source: Cas Abbé on X; source: Binance Futures documentation. Traders monitor the combination of elevated open interest and positive funding as a crowding and squeeze-risk signal in derivatives markets, source: Binance Research.

According to Liquidity Doctor (@doctortraderr), Ethereum ($ETH) breakout traders have been trapped, signaling potential liquidation risks for long positions. This situation emerges as the market experiences a significant downturn, marking a critical juncture for traders. Liquidity Doctor's analysis points to a possible bearish trend continuation, emphasizing the importance of cautious trading and robust risk management strategies.