- Bitcoin, Ethereum, and XRP bullish momentum threatened amid weak retail investor interest:

Bitcoin has rebounded from its weekly low of $62,513 despite declining retail investor interest, as evidenced by the drop in open futures contracts to $44.34 billion on Friday, a level last seen on February 17, down from $45.13 billion the previous day.

Since the "King of Cryptocurrencies" derivatives hit a record high of $94.12 billion in October, the downward trend has continued, indicating that investors lack confidence in the market and in Bitcoin's ability to sustain an upward trend.

Daily Trading Data for Bitcoin Futures | Source: CoinGlass

Ethereum trading activity among retail investors is also declining, with the derivatives market experiencing a slight decrease in open interest to $25.94 billion on Friday, compared to $26.4 billion the day before. Meanwhile, open interest reached a record high of $70.12 billion in August, coinciding with Ethereum's price soaring to $4,956, its all-time high.

Open Interest Data for Ethereum Futures | Source: CoinGlass

Similar to Bitcoin and Ethereum, Ripple is facing a significant decline in derivatives activity, with open interest in futures contracts falling to $2.3 billion on Friday, the lowest since January 2025, down from $2.35 billion the previous day. Ripple's open interest had hit a record high of $10.94 billion in July, supporting a price increase to $3.66 that month before optimism faded amid market volatility and ongoing declines.

Daily Trading Data for XRP Futures | Source: CoinGlass