Big events are brewing in the $XRP futures.

In the past 24 hours, futures trading volume surged by 208%, reaching $12.4 billion, surpassing #Solana's $9.6 billion.

Open interest increased by 15% to $5.9 billion, indicating a significant amount of capital in the trade.

But there is a problem here 👇

The funding rate is positive, which means that bulls are paying bears. The public sentiment is strongly bullish.

It's no problem when the price moves in their favor, but if the market changes, things could get very bad.

I have seen this pattern before:

1. The hype begins

2. Price increase

3. Liquidity strengthens in a downward trend

4. A sudden fluctuation wiped out the over-leveraged long positions.

Does this mean I am bearish on $XRP? Not exactly.

Strong momentum, a breakthrough of 3.40 dollars could easily push the price higher in the short term.

But what about my performance?

Chasing green candles is prohibited here.

I would rather let the market force those bulls to be nervous.

If we pull back healthily to a strong support area, then I will continue to operate here.

I had been observing the clearing cluster before that.

Due to the open positions reaching 5.9 billion dollars, and the market's tendency to punish most people, risk management > FOMO.

Sometimes the wisest approach is to let the over-leveraged crowd become the liquidity, while you become the patient buyer.