As an initial reaction to this move, what we can see is that Bitcoin, as I said, if you look at my tweets from earlier, has moved into the pocket of red liquidity that we had at around $74,500. At the same time that this has happened, we’ve seen ethereum:native and ripple:native take a heavier flush. The exciting part about this for me is that, for the first time in a long time, we see a mismatch in open interest, but this time it’s a mismatch in the amount of open interest that’s been washed out versus price. If we look at both XRP and ETH, what you can see is that the difference between what price action did compared to what open interest, specifically measured in dollars, did was quite significant. Almost double the open interest was flushed compared to the percentage move in price. Now, if you also look at ETH, for the first time in a long while, we’ve touched into negative funding. This indicates that shorts are paying longs, suggesting a shift towards bearish positioning in the market. This would indicate to me that this is probably not an awful time to be buying some ETH, if not looking to leverage long on it. At the same time, I’m keeping my eye on XRP for similar reasons. As you can see, funding on XRP also dropped. It didn’t turn negative, but it did drop. I’m interested in buying here, and I’m not going to increase my size just yet, but those are my initial takeaways.