$XPL This round saw both a buy-in dip and a price drop; next we should confirm whether the market continues to show trading strength.

15m price -0.74%, 15m open interest -1.04%; spot trading 39.99M, futures trading 140.84M.

The shrinking open interest hasn’t stopped the price pullback; the current structure is still cooling.

When price rebounds, trading volume and open interest need to recover in sync.