Last night, $XRP spot ETFs saw another $8.16 million in net inflows, with only Franklin’s fund seeing activity while the others stayed quiet. The token’s price barely moved over the past 24 hours, but it still lost nearly 9% over the week. What does that tell us? It tells us that only one fund is providing support. It can hold the price up for a day, but not for a week. There is indeed activity on-chain. XRP Ledger just launched a delegated permissions feature, which, put simply, allows institutions such as banks, stablecoin issuers, and tokenized funds to authorize different parties to perform operations without passing private keys around. This is a move to pave the way for institutional adoption—a serious development. But if you expect it to drive the price up tomorrow, I can only say you’re being too optimistic. An analyst who studies charts said XRP may be approaching a short-term bottom—I've been hearing this kind of talk for six years, and it has been right sometimes and wrong sometimes, so take it with a grain of salt. ETF flows are especially treacherous: tens of millions of yuan can flow in one day, and if they reverse into outflows tomorrow, you won’t even get a warning. I’ll wait until this translates into net inflows for several consecutive days before taking a closer look. Those who bet on single-day data rarely end up with much to show for it. $XRP

【$1.19 billion liquidated in the crypto market in one day! ETH liquidations actually exceeded BTC🔥】 The crypto market has once again gone through a large-scale liquidation, with Ethereum traders suffering a greater impact this time than Bitcoin traders. Click the Gate link below to join the group and claim the strategy! https://gate.onelink.me/Hls0/group?chatroom=AxfYQ250RA The latest data shows that over the past 24 hours, total market liquidations reached approximately $1.19 billion, with more than $1 billion coming from longs betting on price increases. Looking at ETH alone, liquidations amounted to approximately $356 million; BTC stood at approximately $298 million. Even more strikingly, ETH's market capitalization is less than one-fifth of BTC's, yet its liquidation amount was actually higher. Simply put: when the market falls, ETH's leveraged funds take a greater hit. Why did this happen? On the one hand, the market had accumulated a large number of bullish positions; on the other hand, the Federal Reserve meeting minutes signaled the possibility of further rate hikes by year-end. Combined with heightened tensions in the Middle East and rising oil prices, investors began reassessing risk. When prices fall, leveraged traders are forcibly liquidated by trading platforms once their losses hit margin limits. Forced selling may further depress prices, triggering more liquidations and creating a chain reaction. This time, ETH fell by more than 3%, while BTC declined by approximately 1%. SOL, XRP, and NEAR also saw liquidations to varying degrees. However, the market subsequently rebounded. Trump said that the United States would not launch an attack on Iran before the midterm elections, and Bitcoin briefly recovered to approximately $82.2k. Some shorts betting on further declines were also forced to close. 📌 What is truly worth watching this time is not just the $1.19 billion in liquidations, but how market sentiment, macro headwinds, and high leverage can rapidly amplify price volatility when they overlap. What to watch next is whether BTC can hold its rebound level and whether ETH's leveraged positions will continue to cool. #BTC回调触及81000美元

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