TechFlow news, December 6 — According to Cointelegraph, Swyftx Chief Analyst Pav Hundal said in an interview: "The real danger for highly leveraged XRP long positions right now is a resurgence in Bitcoin dominance. If capital shifts from XRP back into Bitcoin, it could likely trigger a wave of liquidations."
Pav Hundal noted that over the past few weeks, retail investors have rapidly accumulated large positions, with open interest approaching nearly double the levels seen in 2021. The market appears to "have a strong appetite for leveraged long exposure to XRP." Despite falling prices, XRP bulls continue to add positions, suggesting the market may be approaching a FOMO zone.
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