XRP Buildout Near $2.40 Could Precede Sharp Relief Rally if Whales Ease Pressure

Futures open interest collapsed 50% to $4.22B, signaling forced deleveraging as market makers cut risk exposure amid ongoing macro and regulatory uncertainty.

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💡 DMK Insight

The dramatic 50% drop in futures open interest to $4.22 billion underscores the fragility of market sentiment in the face of macroeconomic and regulatory headwinds. This forced deleveraging suggests that market makers are prioritizing risk management over potential gains, which could lead to increased volatility in the short term. Investors may note that such caution could signal a broader reevaluation of risk in the crypto space, potentially reshaping strategies as they navigate this uncertain landscape.