Looking around at the altcoins that fell in this round, Ajian wants to single out XRP to talk about, because $XRP fell about 14% in a week, wiping out over $13 billion in market value; at the same time, funding rates hit a one-year high, and spot ETF net outflows reached $10.4 million. Price down, rates up—this is a classic case of longs adding leverage into a decline. This structure is extremely fragile; if it drops another 5%, it will trigger a chain liquidation. Longs are running for cover while institutions are happily absorbing the buy side. Would you dare to buy the dip in a situation like this?