Cryptopolitan
2025-11-06 17:51:37

BTC and ETH open interests decline as markets cool down

Binance currently shows a big difference in how major cryptos feel about the futures market. In the last 72 hours, traders have cut down on their Bitcoin and Ethereum investments and maxed bets on XRP. XRP is defying the bearish trend with a bullish accumulation. The altcoin is now steady with a minor decline of 0.02% in the last 24 hours. Traders are using these slight dips to add positions. This shows a conviction that contrasts sharply with the fear gripping BTC and ETH markets. Analysts cite increased market volatility XRP futures volume is significantly higher at $8.4 billion compared to spot volume of $1.7 billion. That disparity indicates that traders are more actively involved in derivatives than simply buying or selling the token outright. Open Interest (OI) is at approximately $3.40 billion . This indicates that a substantial amount of capital is tied up in open futures positions. To that end, many traders still have bets open on the future price movement of XRP rather than exiting. On the other hand, XRP has recorded $16.36 million in net outflows. This is part of a continuous streak of red prints since mid-October. This suggests that tokens are being transferred to exchanges, typically a precursor to selling activity rather than accumulation. Persistent outflows reveal a distribution phase where traders prepare to exit rather than hold for appreciation. According to analysts, the high futures activity signals strong speculative interest. As a result, this could lead to increased volatility. On the flip side, the price may overreact to sentiment shifts, news, or technical triggers. Meanwhile, the support zone is between $2.10 and $2.25. If the price falls below this level, it could speed up the drop toward $1.8–$1.9. This is where most of the buying interest was before. There is resistance at $2.5, then at $2.68 and $2.95, where the descending trendline continues to stop advances. The market is still skewed downwards until XRP breaks back above the trendline. Bulls need a strong daily close above $2.50 to take back control and put things back in order. If that doesn’t happen, the overall trend is for prices to decline as traders continue to liquidate their long positions gradually. The coin is down 8% in the last week, currently trading at 2.26. BTC and ETH open interests decline as markets cool down Bitcoin has seen a major net reduction. Open Interest has fallen by $59.87 million, following a massive $957.43 million drop the day before. This two-day sell-off indicates a strong wave of risk reduction and long liquidation in the king of crypto. Binance Traders Pile into XRP as BTC & ETH Positions Unwind “Traders are using these slight dips to add positions, showing conviction that contrasts sharply with the fear gripping BTC and ETH markets.” – By @Crazzyblockk pic.twitter.com/QdXlsJCV2L — CryptoQuant.com (@cryptoquant_com) November 6, 2025 Ethereum is experiencing a pronounced exodus amounting to $148.69M. Another $783.52 million loss indicates a heavy deleveraging event and a search for a safe haven. As reported by Cryptopolitan, BlackRock’s iShares Bitcoin ETF (IBIT) recorded outflows of more than $375.5 million. In total, ETH spot ETFs experienced outflows of $119M. According to data from Farside, investors have withdrawn a total of $2.6 billion from U.S. Bitcoin and Ethereum ETFs over the past seven days. As a result, the coins are experiencing a downward trajectory. Bitcoin is down 1.7% in the last 24 hours, now trading at $101,809. Ethereum is also down 2.3% in the last 24 hours, currently trading at $ 3,301. Get up to $30,050 in trading rewards when you join Bybit today

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