Have you noticed how retail keeps shorting into massive support while the market quietly absorbs the pressure?
Most traders end up losing money by panicking during pullbacks, assuming heavy selling volume automatically guarantees a breakdown. They chase the move late and get trapped right before momentum shifts.
Take a look at $XRP right now. While $BTC dictates broader sentiment, Ripple's pullback from the 1.70 region tells a completely different story beneath the surface. Futures CVD has dropped toward 5.89B and spot CVD sits around 1.70B, confirming relentless selling aggression. Yet, the price refuses to break below the 1.35 support floor.
At the same time, open interest flushed from roughly 1.4B down to 1.2B, effectively wiping out overleveraged positions. When price stabilizes despite aggressive spot and derivative dumps, it usually signals silent absorption by larger players rather than genuine weakness.
Are we looking at an exhausted sell-side or is another flush coming before the next leg up?
#XRP #CryptoTrading #Altcoins
Most traders end up losing money by panicking during pullbacks, assuming heavy selling volume automatically guarantees a breakdown. They chase the move late and get trapped right before momentum shifts.
Take a look at $XRP right now. While $BTC dictates broader sentiment, Ripple's pullback from the 1.70 region tells a completely different story beneath the surface. Futures CVD has dropped toward 5.89B and spot CVD sits around 1.70B, confirming relentless selling aggression. Yet, the price refuses to break below the 1.35 support floor.
At the same time, open interest flushed from roughly 1.4B down to 1.2B, effectively wiping out overleveraged positions. When price stabilizes despite aggressive spot and derivative dumps, it usually signals silent absorption by larger players rather than genuine weakness.
Are we looking at an exhausted sell-side or is another flush coming before the next leg up?
#XRP #CryptoTrading #Altcoins
