Data: The open interest in XRP futures has decreased from 1.7 billion XRP to 700 million XRP since the beginning of October, a decrease of 59%. Data shows that since the beginning of October, the open interest of XRP futures has decreased from 1.7 billion XRP to 700 million XRP, a drop of 59%; at the same time, the funding rate has also fallen from about 0.01% to 0.001%. According to the blockchain data analysis platform Glassnode, this phenomenon indicates a structural stagnation in the market's speculative willingness towards XRP.

#ETH巨鲸增持 Today, $BTC suddenly experienced a sharp fall, with a magnitude of about 2-3%, briefly reaching around $88,000. Several factors are overlapping: the expectation of a rate cut by the Federal Reserve is cooling, and the market is starting to reprice; the weekend coincided with the concentrated expiration of options, triggering a chain reaction of liquidations and sell-offs; plus, the previous rapid rise led large funds to choose to secure profits, and there has also been a net outflow of funds from ETFs. Looking at mainstream coins like $XRP and $SOL , they are also under pressure, and the entire risk asset market is adjusting. However, this kind of pullback is quite common in a bull market, and technically it hasn't broken key support levels. Short-term volatility is very normal; the key is still to look at subsequent funding and macro policy signals.

#数字资产市场观察 Today, $BTC suddenly experienced a plummet, dropping to around $88,000 in one go, with a retracement of about 2-3%. To be honest, this drop came quite unexpectedly, but looking closely at a few underlying factors, it’s not surprising. First, regarding the Federal Reserve, the market's expectations for interest rate cuts have clearly cooled. Furthermore, the weekend coincided with the concentrated expiration of options, leading to intense battles between long and short positions, resulting in a large number of positions being liquidated, and selling pressure was instantly released. Another point that cannot be ignored is that the previous rise was too rapid, prompting many large players and institutions to take the opportunity to cash out, which also led to a noticeable net outflow of funds from ETFs. Overall, the sentiment in both the stock market and the crypto space is a bit tense. However, to be fair, it's quite normal to see this level of pullback during a bull market, so don't panic due to short-term fluctuations. The trend hasn't changed; just be patient and wait for the adjustment to end. $XRP $SOL