Our Summary:Mantle, an altcoin, slid 11% to a low of $0.54 due to intense selling pressure, driven by derivatives market panic, but spot market sentiment remained unchanged. The altcoin's Open Interest fell 14% to $50 million, and Derivatives Volume rose 210% to $39 million, indicating reduced leveraged exposure and position unwinding. Despite this, Mantle's downside momentum strengthened, with the Relative Strength Index falling to 41, implying bears are stronger than bulls. A potential revisit of $0.50 support and further weakness are possible, but bulls could help invalidate this bearish outlook if demand in the spot market holds.