Funding rates are still negative, but aggressive buyers have already stepped in. On XRP’s four-hour chart, five green candles are right there in a row, with the price grinding along the short-term moving average. Volume has contracted, but someone keeps stepping in to buy. On the futures side, buying volume is nearly one and a half times selling volume. Funding has climbed out of the doldrums and back into positive territory. Smart money moved in while funding was still negative; those who waited until it normalized didn’t even get a seat at the table. Whales’ long positions still make up 70% of their holdings, and they’re adding more. If it can’t go down, that’s the bottom. The longs who are still hanging on after this much shakeout—I’m riding along with them this time.