- Bitcoin, Ethereum, and Ripple Price Outlooks Amid Declining Retail Activity:

The rapid rebound of Bitcoin from $60,000 was largely driven by market participants' reaction to oversold conditions, with weak retail investor interest supporting this rise. According to CoinGlass data, open futures contracts declined to $46 billion on Monday, down from $46.7 billion the previous day.

The Open Interest (OI) index tracks the nominal value of existing derivative contracts and continues its steady downward trend from the $48 billion level recorded on Saturday. Retail investor interest plays a pivotal role in supporting sustainable bullish expectations; therefore, the OI index is expected to rise steadily, increasing the likelihood of Bitcoin's price climbing toward $80,000.

Open Futures Contract Open Interest | Source: CoinGlass

Ethereum is experiencing a similar decline in retail investor interest, with the average open futures trading volume at $24.4 billion on Monday, down from $24.8 billion on Sunday. Amid Ethereum's rebound from its weekly low of $1,748, open trading volume increased to $25.2 billion. However, risk aversion among investors quickly dampened this momentum, negatively impacting Ethereum as derivatives traders closed their open positions. Any further decline in open trading volume could make it more difficult to keep Ethereum's price above $2,000 and may open the door to an extended downtrend toward its April low of $1,385.

Ethereum Futures Open Interest Data | Source: CoinGlass

Meanwhile, the XRP derivatives market remains weak, as evidenced by the decline in open futures trading volume to $2.47 billion on Monday, from $2.53 billion the previous day. A slight rebound on Saturday pushed open trading volume up to $2.63 billion. However, due to increasing uncertainty in the overall crypto market, along with investors' tendency to avoid risk and take profits, retail investor interest remains weak.

Daily XRP Futures Trading Data | Source: CoinGlass