- Limited Rise in Bitcoin and Ethereum Value Amid Weak Derivatives:

Bitcoin is trading in a weak environment in the derivatives market, with open futures contracts decreasing to $43.55 billion on Monday from $44.87 billion. Since Bitcoin reached an all-time high of $126,199 in October, with open contracts totaling $94.12 billion, retail investors have gradually lost interest, leading to a continuous decline in price.

The decline in retail investor activity indicates their lack of confidence in Bitcoin's ability to sustain gains or extend its bullish trend. Therefore, they tend to close their positions rather than open new ones, making Bitcoin's price more susceptible to further declines.

Daily Trading Data for Bitcoin Futures | Source: CoinGlass

Ethereum also faces a weak derivatives market, with open futures contracts decreasing to $23.41 billion on Monday from $24.96 billion the previous day. Although Ethereum's price briefly surpassed $2000 last week, retail investor activity remained low and was not enough to stimulate risk appetite.

Open Trading Data for Ethereum Futures | Source: CoinGlass

Meanwhile, the XRP derivatives market shows a somewhat different picture, with open futures trading volume rising to $2.56 billion on Monday from $2.51 billion on Sunday. Retail investor interest has stabilized since Friday, when the average open trading volume was $2.26 billion. Continuing this positive trend could improve market sentiment around the asset and halt its price decline.

Daily Trading Data for XRP Futures | Source: CoinGlass