Binance traders just made one of the most surprising moves of the week, shifting away from Bitcoin and Ethereum and rotating straight into XRP.
This rotation stands out because it is happening during a clear risk off phase when traders usually run to cash, not into altcoins.
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$BTC Open interest fell by almost $60M in the last 72 hours after a massive $957M liquidation wave the day before. That wipeout forced long traders to unwind positions fast, signaling pure risk reduction across the board.
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$ETH ETH was hit even harder. It lost $149M in open interest after a brutal $784M flush earlier