XRP Leads Altcoins Amid $1.68B Crypto Futures Liquidation Rebound

Cryptocurrency markets showed signs of stabilization after a significant crash that wiped out over $1.5 billion in leveraged positions, with Bitcoin trading near $113,000 and Ethereum around $4,194. The drop in Bitcoin futures open interest to $42.8 billion was described as a "healthy reset" that could reduce liquidation risk and stabilize derivatives markets. Despite the rebound, retail sentiment remained mixed, with XRP outperforming other altcoins, rising 2.2%, while Solana and Binance Coin declined. The market remains fragile due to high leverage and an upcoming $23 billion options expiry, which has traders hedging for both sharp declines and rallies in Bitcoin and Ether. Additionally, emerging crypto presales like Bitcoin Hyper ($HYPER) are gaining traction, with some investors dubbing it "XRP 2.0" due to its rapid growth and strong investor interest, contrasting with more established projects like Remittix. Overall, the crypto market is consolidating amid cautious optimism but continues to face liquidity and volatility challenges.