According to Lookonchain, a large investor is urgently closing a significant short position in XRP following an executive order by Trump. The investor has injected 8 million USDC as additional margin to prevent liquidation of the 20x leveraged position, which still incurs a loss exceeding $4.6 million (source: hypurrscan.io).

According to @GreeksLive, Bitcoin traders are closely watching the $98K support level after the price failed to sustain above $104K following disappointment from Trump's executive orders. The market saw aggressive long positions at the $103K level before unwinding due to lack of significant crypto-related announcements. Traders are now cautious, debating exposure adjustments, with implied volatility remaining elevated above 70% on short-term options.