- Retail sector demand declines as Bitcoin, Ethereum, and Ripple prices fall:

Retail investors’ interest in Bitcoin is slipping, with open interest in perpetual futures contracts falling to $59.63 billion on Friday, from $62.67 billion the day before.

The gradual rise in open interest from its lowest monthly level of $46.40 billion on April 4, alongside Bitcoin’s price moving above $79,000 this week, points to strong support from retail investors. If the current correction continues, the market pressure may increase due to the strength of Bitcoin’s recovery, further deepening the pullback.

Daily trading information for Bitcoin futures | Source: CoinGlass

The decline in open interest for Ethereum futures contracts to $30.98 billion on Friday, after hitting a weekly high of $32.41 billion the previous day, has led to reduced demand from retail investors. This drop also indicates weakening investor confidence in Ethereum’s ability to sustain its recovery, as most traders prefer closing positions rather than opening new ones.

Open interest data for Ethereum futures | Source: CoinGlass

Meanwhile, demand for XRP derivatives remains weak, with the average perpetual open interest volume at $2.57 billion on Friday. Open interest has remained relatively stable at this level since Monday after falling from $2.80 billion, the highest monthly level. Therefore, maintaining XRP’s recovery may be difficult, making this digital asset highly susceptible to heavy selling pressure.

Daily trading information for XRP futures | Source: CoinGlass
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