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Tag: Market Trends

  • XRP Liquidations Fuel Sell-Off, Not Whales

    XRP Liquidations Fuel Sell-Off, Not Whales

    XRP Pullback Driven by Leverage, Not Whale Exodus, Analyst Suggests

    XRP’s recent price decline is more likely attributable to leveraged positions being liquidated and general market weakness, rather than a coordinated sell-off by major holders, according to Pelin Ay, a contributor to on-chain analytics firm CryptoQuant.

    Ay pointed to a decrease in XRP inflows to Binance, particularly in transfers involving millions of tokens, as evidence that selling pressure from large “whale” wallets has not intensified during the recent drawdown. She presented a CryptoQuant chart illustrating XRP Ledger exchange inflows to Binance, segmented by the value of transfers, alongside XRP’s dollar price. This data categorizes inflows into bands ranging from under 1,000 XRP to over 1 million XRP, allowing for differentiation between smaller retail deposits and transfers more characteristic of whales or institutional investors.

    Whale Selling Pressure Eases as Binance Inflows Drop

    Historically, the largest transfer cohorts have played a significant role in Binance inflow activity, Ay noted. “Transfers exceeding 1 million XRP are dominant in the chart during certain periods,” she stated. “This shows that the majority of XRP inflows to Binance are coming from whale and institutional-scale addresses. In particular, the consistently high levels of these inflows between 2021-2025 reveal that major players are actively using Binance.”

    The crucial shift, in her view, occurred after XRP’s peak in 2025. The chart indicates a noticeable decline in the largest Binance inflow bands following a period when XRP approached the $3 mark. This suggests that large holders are no longer depositing tokens onto the exchange with the same intensity observed in earlier market phases.

    In exchange-flow analysis, increased inflows are often interpreted as a precursor to potential selling pressure, as assets moved to trading platforms can be sold, used as collateral, or repositioned. Ay argued that the current market structure does not mirror previous periods of aggressive distribution.

    “In the past, before major drops, there were usually sudden high spikes in the 100K–1M XRP and 1M+ XRP groups,” she wrote. “Currently, at the end of the chart, there is no such extraordinary inflow surge. Therefore, on-chain data currently reduces the likelihood of aggressive whale selling and mass profit-taking.”

    Leverage Liquidations Cited as Primary Driver

    This distinction is central to her analysis. If XRP were experiencing a typical whale-led sell-off, the chart would likely show a sharp increase in large deposits to Binance, especially from the 100,000-to-1-million XRP and 1-million-plus XRP bands. Instead, Ay observed the opposite: inflows have cooled while the price has weakened.

    “The chart suggests that the decline is largely due to leverage liquidations and overall market weakness,” she added. “Because in normal hard bear markets, much higher XRP inflows to exchanges are typically seen.”

    This does not imply that XRP is without downside risk. Rather, Ay’s interpretation is that the current sell-off lacks a key on-chain signature often associated with deeper capitulation: whales moving unusually large amounts of XRP to exchanges. The source of selling pressure is therefore significant. A liquidation-driven move can accelerate rapidly as leveraged positions are forced out, but it does not necessarily indicate that long-term holders are actively distributing their holdings into the market.

    Ay also linked the post-peak reduction in inflows to a weakening of spot supply pressure. “If Binance inflows continue to remain low, selling supply will decrease,” she stated. “With an increase in demand, it becomes easier for XRP to move back to the $1.8-2.0 region. Especially if sharp rises do not resume in the 1M+ XRP columns, this structure can be maintained.”

    The condition is important. Her argument hinges on large Binance inflows remaining subdued, particularly in the 1-million-plus XRP band. A renewed surge in these categories would undermine her analysis, suggesting that large wallets are once again moving substantial supply toward the exchange.

    At press time, XRP was trading at $1.1444.

  • World Cup 2026 Prediction Markets Launch on Whale.io with $90K Prize Pool

    World Cup 2026 Prediction Markets Launch on Whale.io with $90K Prize Pool

    Whale.io Launches 2026 World Cup Prediction Markets with $90,000 Prize Pool

    Mahe, Seychelles – June 10, 2026 – Whale.io has unveiled its native Prediction Markets for the 2026 World Cup, offering players direct access to match betting with a combined prize pool of $90,000. This includes a $40,000 USDT raffle and five weeks of $10,000 weekly sports tournaments, providing users an opportunity to monetize their football acumen through a streamlined, on-platform experience.

    The launch integrates new betting markets for World Cup 2026 matches directly into the Whale.io ecosystem, catering to both casual fans and seasoned predictors seeking an engaging, transparent, and potentially lucrative way to participate in the global football event.

    $40,000 USDT Raffle: Predict and Win

    To commemorate the launch, Whale.io is hosting a $40,000 USDT Raffle open to all participants in the World Cup 2026 Prediction Markets. The system is designed for simplicity, eliminating complex leaderboards and minimum win requirements. Every qualifying prediction made by a user automatically enters them into the draw, with increased play leading to better odds. Each $2 wagered earns one ticket, offering every participant, regardless of betting volume, a fair chance to share in the substantial prize pool.

    $50,000 Sports Tournaments: Five Weeks of Competition

    In addition to the Prediction Markets and raffle, Whale.io is hosting Sports Tournaments over the next five weeks, featuring a total prize pool of $50,000 USDT. This equates to $10,000 in prizes awarded weekly throughout the World Cup. These tournaments are designed to reward astute sports bettors across all major events, providing consistent performers with multiple avenues to secure significant winnings during the football season. The combined offering of Prediction Markets, the $40,000 raffle, and $50,000 in weekly tournaments positions Whale.io as a leading platform for rewarding sports engagement within the cryptocurrency space.

    Whale.io Prediction Markets Differentiate Themselves

    All prediction markets operate directly on the Whale.io platform, ensuring speed, security, and seamless integration with users’ existing Whale balances. This eliminates the need for bridging or external websites, allowing users to easily manage positions, track predictions, and experience the unfolding World Cup. Coupled with Whale.io’s established features such as substantial cashback, instant payouts, and a strong commitment to transparency, this launch solidifies Whale.io’s standing as a premier destination for users seeking both entertainment and genuine earning potential. The platform invites enthusiasts to capitalize on their football knowledge and insights, with the World Cup 2026 Prediction Markets now live.

    About Whale.io

    Whale.io is a crypto-native online casino and sportsbook. The platform features exclusive Whale Originals games, a comprehensive sportsbook, Prediction Markets, daily cashback, and a steadfast focus on transparency. Utilizing its native utility token, $WHALE, Whale.io continues to cultivate one of the most rewarding ecosystems in crypto gaming.

    Further details on Whale.io Casino and Whale Prediction Markets can be found on their platform. More information is also available at whale.io/wc2026.

  • Bitcoin Hits Production Cost: Analyst Sees Value Zone Begin

    Bitcoin Hits Production Cost: Analyst Sees Value Zone Begin

    Bitcoin Nears Historic Value Zone as Production Cost Reaches Key Threshold

    Charles Edwards, founder of Capriole Investments, has signaled a potentially significant moment for Bitcoin, noting that the cryptocurrency has returned to its estimated production cost. This development places Bitcoin on the cusp of a zone that has historically presented prime long-term investment opportunities.

    Production Cost Indicator

    The “Production Cost” metric, as highlighted by Edwards in a recent post on X, estimates the global average U.S. dollar expense required to mine a single Bitcoin token daily. Bitcoin operates on a proof-of-work (PoW) consensus mechanism, where miners utilize computing power to validate transactions and add blocks to the blockchain. The increasing competitiveness of this network means that miners often require substantial hardware investments and face significant operational costs, primarily driven by electricity consumption.

    According to a chart shared by Edwards, the Bitcoin Production Cost currently stands at approximately $62,650. This figure aligns closely with Bitcoin’s current spot price, suggesting that miners are operating at or near their break-even point.

    Historic Investment Opportunities

    Edwards pointed out that this current level marks the boundary of a zone that has historically offered the most advantageous long-term value opportunities for Bitcoin investors. “The best Long-term value opportunities have historically been between here and Electrical Cost, currently at $50K,” he stated. The “Electrical Cost,” representing the sole expense of electricity for miners, has historically acted as a floor for Bitcoin prices across various market cycles.

    Miner Reaction and Network Hashrate

    The current production cost suggests that miners are facing pressure. Evidence of this strain can be observed in the network’s hashrate, which tracks the total computing power dedicated to mining. Data from CoinWarz indicates a recent decline in the Bitcoin hashrate, which currently sits around 837 exahashes per second (EH/s). This is a notable decrease from May, when the hashrate frequently exceeded 1,000 EH/s, representing a drop of over 19%. This reduction in hashrate suggests that some miners have disconnected from the network, likely in response to the prevailing bearish market conditions.

    Bitcoin Price Movement

    As of this report, Bitcoin is trading around $62,400, marking a 9.5% decrease over the past week.

  • Ethereum Recovery Boosted as Retail Exits

    Ethereum Recovery Boosted as Retail Exits

    Crowd Sentiment Suggests Ethereum Rebound Potential

    Santiment reports that a prevailing negative sentiment surrounding Ethereum, often termed “crowd-written-off,” could paradoxically signal an increased likelihood of a price recovery. The on-chain analytics firm noted on Tuesday that Ethereum’s social sentiment has plunged into an “extreme fear zone,” a reaction by traders to the cryptocurrency’s sustained underperformance against Bitcoin and numerous other altcoins.

    Factors Fueling Uncertainty

    This recent downturn has been exacerbated by ongoing discussions concerning the Ethereum Foundation, including criticisms of its leadership and strategic priorities. Furthermore, controversial remarks from co-founder Vitalik Buterin have reportedly “fueled further uncertainty” among investors. Santiment observed that the ratio of positive to negative commentary has reached one of its lowest points this year, indicating a dominance of bearish narratives across social media platforms.

    Historical Parallels and Market Psychology

    The firm drew a parallel to April 2025, when ETH prices experienced a similar decline. During that period, fear, uncertainty, and doubt (FUD) reached record highs, with many declaring Ethereum’s demise. However, within four months, the cryptocurrency’s value had tripled, reaching an all-time high. Santiment explained that historically, Ethereum has shown a tendency to rebound when social sentiment hits extreme FUD levels, as prices often move contrary to widespread expectations. The platform elaborated that when traders become overwhelmingly convinced of an asset’s continued decline, much of the potential selling pressure may have already been absorbed.

    Profitability and Broader Market Conditions

    Adding to the analysis, data from Glassnode indicates that the proportion of ETH supply held at a profit exceeding three times its purchase price has fallen to just 11%, the lowest level recorded since 2017. Glassnode stated that Ether’s profitability profile has “fundamentally compressed” compared to previous market cycles.

    However, to provide a balanced perspective, Bitcoin’s supply currently in a loss has reached a new yearly high of 50%, underscoring that the broader cryptocurrency market is experiencing a significant bear phase affecting most digital assets.

    Short-Term Price Outlook

    In the immediate term, Ether’s price continues to weaken, having touched an intraday low of $1,620 twice in the past 24 hours. With a lack of current positive catalysts or momentum, a decline back towards the $1,500 level appears increasingly probable. This price point represents a significant support zone, mirroring its role approximately 14 months ago when Ether faced similar market pressures.

  • Bybit XRP Leverage Liquidations Surge as Binance Holds Firm

    Bybit XRP Leverage Liquidations Surge as Binance Holds Firm

    XRP Struggles Near $1.15 Amidst Divergent Market Signals

    XRP is currently navigating a challenging market environment, hovering around the $1.15 mark as fear and uncertainty dominate investor sentiment. Holders are keenly observing whether this level will solidify as support or signal a temporary reprieve before further declines. The cryptocurrency’s price is under considerable pressure, and a recent analysis by CryptoQuant has highlighted a significant divergence in derivatives activity between two of the world’s largest XRP trading platforms during the latest sell-off.

    Derivatives Reset on Bybit Contrasts with Binance Stability

    The recent market downturn triggered a forced deleveraging event on Bybit, a phenomenon that the data suggests is impossible to ignore. XRP’s open interest on Bybit plummeted to approximately $181 million, its lowest point since February 13, when it stood near $180 million. This current figure represents a substantial 36% decrease from Bybit’s recent peak of $283 million recorded on May 22. This indicates that roughly one-third of the leveraged XRP positions on one of the market’s most active derivatives venues were liquidated within a compressed timeframe, a clear signature of forced exits rather than strategic position management.

    In stark contrast, Binance presents a different narrative. XRP’s open interest on Binance remained relatively stable, hovering near $246 million following the same price decline. This represents a mere 2.4% dip from its recent high of $252 million, which was recorded on June 2. While Bybit experienced a significant contraction in open interest, Binance largely maintained its positioning. This stark divergence between two major trading venues, witnessing the same asset and the same price drop, yet exhibiting completely opposite derivative responses, forms the crux of the CryptoQuant analysis. The implications of this divergence for the health of the current XRP market structure at the $1.15 level are the most critical analytical questions arising from the data.

    Exchange Activity Points to Next Market Move

    Liquidation data further corroborates the implications of the open interest divergence, confirming that XRP’s decline was not solely driven by spot selling. Forced exits from leveraged long positions significantly amplified and accelerated the downward price movement. Multiple liquidation events exceeded $3.5 million, with long liquidations consistently dominating the activity.

    Futures volume data provides crucial context regarding the scale of these transactions. On June 5, Binance recorded approximately $1.85 billion in XRP futures volume. Bybit contributed $727 million, OKX $429 million, and Bitget $423 million, totaling $3.43 billion across these four venues in a single trading session. This indicates that the derivatives market was highly active during the price decline, processing an enormous volume of both forced and voluntary position changes.

    The subsequent recovery from a low of $1.055 back above $1.14, an rebound exceeding 8%, suggests that the sell-off included a significant leverage flush component rather than a complete breakdown in underlying demand. When forced liquidations contribute substantially to a price decline, the market often sees a recovery once these exits are complete and genuine buyers begin to emerge.

    The remaining market structure is notably distinct. Bybit has undergone a sharp deleveraging, with its open interest reset to February levels, indicating a clearing of fragile positions. Binance, however, remains near its recent highs, with its positioning largely intact. Consequently, the next significant development in XRP derivatives is anticipated to originate from Binance, as it holds the most residual exposure and has not yet experienced the reset that Bybit underwent during the recent sell-off.

    XRP Holds Near $1.15 After Losing Key Support

    XRP is currently trading around the $1.15 level, having experienced a prolonged decline that has significantly eroded the gains made in the latter half of 2025. The current market chart depicts an asset under pressure, yet also approaching a critical inflection point after testing its lowest levels of the year.

    The dominant trend observed on the 3-day timeframe is a persistent sequence of lower highs and lower lows, a pattern that began after XRP peaked near $3.50. Each subsequent recovery attempt has been met with resistance below the previous swing high, reinforcing the notion that sellers continue to dictate the broader trend. More recently, XRP lost the crucial $1.25-$1.30 support area, which precipitated another downward move towards the psychologically significant $1.10 region.

    From a structural standpoint, the current price zone is noteworthy as it aligns with the lows established during the first quarter’s correction. Buyers have repeatedly defended this area, preventing a complete breakdown despite multiple tests. However, the rebound attempts have been characterized by weakness, suggesting that demand remains constrained.

    Moving averages continue to reflect bearish conditions, with XRP trading below its 50-period, 100-period, and 200-period moving averages. The 50-period average is currently acting as dynamic resistance near the $1.40 level. Until the price reclaims this level, any upward movement is likely to be considered a technical correction rather than a trend reversal. The critical support zone remains between $1.05 and $1.10. A decisive breach of this area could expose XRP to a deeper retracement, potentially towards the $0.90-$1.00 region. Conversely, reclaiming $1.30 and subsequently $1.40 would serve as the initial indication that buyers are beginning to regain control after months of sustained weakness.

  • XRP Investors Capitulate Amidst Extreme Activity: Ripple’s Outlook

    XRP Network Activity Declines Sharply, Signaling Holder Pressure

    On-chain analytics firm Glassnode has reported a significant downturn in key metrics for the XRP network, indicating a weakening of activity and mounting pressure on token holders. Recent data reveals a substantial drop in both transaction demand and realized profitability, even as XRP trades well above its 2024 price levels.

    The decline in holder profitability is particularly stark when examining Glassnode’s latest realized profit-and-loss data. The firm’s analysis shows that the 90-day simple moving average of XRP’s Realized Profit-to-Loss Ratio has fallen to 0.38. This suggests that for every dollar lost by market participants on-chain, only 38 cents in profit are being realized.

    This profitability metric remains considerably below the breakeven level of 1.0, which serves as the dividing line between net profit-taking and net loss realization. During periods of strong bull market performance, this ratio typically surges well beyond 20 or even 50, as profitable sales dominate network activity.

    The current reading points to a vastly different market environment, where the realization of losses significantly outweighs the realization of profits. Glassnode observed that such low levels are often associated with capitulation periods, characterized by a large proportion of transacted coins belonging to holders exiting their positions at a loss.

    Broader network activity also shows signs of weakness. Glassnode reported a substantial decrease in the 90-day simple moving average of total transaction fees on the XRP Ledger. This figure has plummeted from 5,900 XRP in February 2025 to approximately 500 XRP today, representing a decline of over 91% during that timeframe.

    These recent figures echo concerns previously raised by Glassnode in late 2025 regarding the financial standing of XRP holders. In November of that year, the firm noted that only 58.5% of the circulating supply was in profit.

    These concerns were also evident in earlier market conditions. That percentage marked the lowest point recorded since November 2024, when XRP was trading around $0.53. At that time, approximately 41.5% of the supply, equivalent to about 26.5 billion XRP, was held at a loss, despite the token trading near $2.15.

    Collectively, the declining profitability metrics and reduced network activity suggest persistent stress within the XRP ecosystem. The data indicates that a significant portion of holders remain under pressure, while transaction demand continues to fall well short of previous cycle highs.

  • XRP Faces Selloff Threat

    XRP Faces Selloff Threat

    XRP Price Faces Downside Pressure, May Test Lower Levels

    The price of XRP has entered a corrective phase, trading below the $1.1840 mark and showing bearish signals that could lead to further declines below $1.10.

    The cryptocurrency’s downward correction began after it failed to sustain its position above the $1.1750 zone. XRP is currently trading below $1.150 and its 100-hour Simple Moving Average. A bearish trend line, which had provided support at $1.1620 on the hourly chart for the XRP/USD pair, has also been breached. Data from Kraken indicates that if XRP remains below $1.150, further downward movement is likely.

    XRP Price Dips Once Again

    XRP struggled to maintain its footing above the $1.1620 level, initiating a fresh decline that mirrored movements seen in Bitcoin and Ethereum. The price fell below both the $1.160 and $1.1550 thresholds. The hourly chart for the XRP/USD pair, sourced from Kraken, shows a break below a bullish trend line that had been established at $1.1620.

    Furthermore, XRP’s price dipped below the 38.2% Fibonacci retracement level of its prior upward move, which spanned from a swing low of $1.050 to a high of $1.1863. The cryptocurrency is now trading below $1.160 and its 100-hour Simple Moving Average.

    Should XRP attempt an upward recovery, it may encounter resistance around the $1.1350 level. The first significant resistance is situated near $1.1420; a sustained move above this point could propel the price to test the $1.150 level. A decisive break above the $1.150 resistance could then push XRP towards the $1.1580 resistance. Any further gains might see the price target the $1.1650 resistance. The next major obstacle for bullish sentiment is anticipated to be around the $1.1840 mark.

    More Downside Potential?

    If XRP is unable to overcome the $1.150 resistance zone, it could initiate another wave of decline. Initial support on the downside is observed near the $1.1020 level, which also corresponds to the 61.8% Fibonacci retracement level of the move from the $1.050 swing low to the $1.1863 high. The subsequent major support is located around the $1.1072 level. A breakdown below $1.1072, accompanied by a closing price below this level, could lead to further declines towards $1.1020. The next significant support is positioned near the $1.10 zone, below which XRP could continue its descent towards $1.080. Any additional losses might necessitate a retest of the $1.050 level.

    Technical Indicators

    The hourly MACD (Moving Average Convergence Divergence) for XRP/USD is currently gaining momentum within the bearish territory. The hourly RSI (Relative Strength Index) for XRP/USD has fallen below the 50 level.

    Major Support Levels: $1.1020 and $1.080
    Major Resistance Levels: $1.1500 and $1.1840

  • XRP Capitulates as Profit-to-Loss Ratio Plummets

    XRP Capitulates as Profit-to-Loss Ratio Plummets

    On-Chain Metrics Signal “Intense Capitulation” for XRP as Price Attempts Rebound

    Market intelligence platform Glassnode has highlighted concerning on-chain metrics for XRP, suggesting weakening momentum and widespread capitulation as the cryptocurrency attempts to recover from recent lows.

    Profit/Loss Ratio Hits Multi-Year Low

    On Tuesday, Glassnode researchers revealed that XRP’s 90-day moving average of its Realized Profit-to-Loss Ratio has fallen to 0.38, its lowest point since 2024. This indicates that for every dollar of losses realized in the market, only 38 cents in profit are being taken. This marks a stark reversal from a 2025 peak where the ratio reached 50, signifying that profit-takers significantly outnumbered those selling at a loss. Glassnode affirmed that such a low ratio is a “hallmark of intense capitulation,” suggesting most participants are exiting their positions at a loss.

    Network Activity Declines Sharply

    Further compounding the concerns, Glassnode pointed to a significant drop in network activity. The 90-day average of total transaction fees paid on the XRP network has plummeted by 91.5%, from 5,900 XRP in February 2025 to just 500 XRP. Glassnode stated this decline “reflects a near-total contraction in organic transaction demand on the network since the speculative peak,” rather than a simple fee market adjustment. The decrease in these indicators suggests a weakening of investor confidence and a subdued speculative appetite.

    Is XRP’s Bottom Near?

    Over the past two weeks, XRP’s price has declined by nearly 15%, reaching its lowest levels since November 2024. Analyst ChartNerd noted that while XRP’s bear markets have historically lasted between 400-790 days with drops of 85-96%, the current correction has lasted approximately 350 days with a 71% retracement from July highs. However, ChartNerd observed that the duration and depth of these bear markets are diminishing, suggesting that a historical bottom could be approaching by the end of the year.

    The cryptocurrency’s close below its 200-week Simple Moving Average (SMA) last week could also signal an impending bottom. Historically, a structural bottom has formed between 8 and 29 weeks after the first weekly close below this SMA, implying that XRP could begin forming its bottom in the coming months if past patterns repeat.

    Meanwhile, market watcher Ali Martinez suggested that XRP might be mirroring a pattern observed since 2018, potentially approaching its largest buying zone in eight years. Martinez highlighted that touches of a rising trendline have historically marked major turning points for XRP, sending it back towards the $3 resistance. With XRP currently approaching this trendline, support is identified between $0.70 and $0.90. A hold of this zone could make a rally back to $3 a “realistic scenario.” Should XRP break above the eight-year resistance around $3.30, Martinez concluded that the next macro target could be between $8 and $13.

  • Bitcoin Stablecoin Ratio Hits Record Low: Implications for BTC

    Bitcoin Stablecoin Ratio Hits Record Low: Implications for BTC

    Bitcoin Stablecoin Supply Ratio RSI Hits Multi-Year Low, Signaling Potential Buying Opportunity

    On-chain data reveals a significant drop in the Relative Strength Index (RSI) of the Bitcoin Stablecoin Supply Ratio (SSR) to a low of 13. This reading suggests a substantial amount of stablecoin liquidity is currently held on the sidelines relative to Bitcoin’s market capitalization.

    Analyst Highlights Trend in Bitcoin SSR RSI

    CryptoQuant analyst Maartunn recently discussed this notable trend in an X post, explaining the implications of the Bitcoin SSR RSI’s sharp decline. The SSR is an on-chain metric that compares the market capitalization of Bitcoin to the total valuation of all stablecoins.

    Stablecoins, digital assets designed to maintain a fixed price, typically pegged to fiat currencies, serve a distinct role in the cryptocurrency market compared to volatile assets like Bitcoin. Investors often park capital in stablecoins to avoid the price fluctuations inherent in other cryptocurrencies. Historically, these holders tend to re-enter the market for Bitcoin and other digital assets by exchanging their stablecoins. Consequently, stablecoins are frequently viewed as a measure of “dry powder” – capital poised for investment in the more volatile segments of the crypto market.

    The SSR, by tracking Bitcoin’s market cap against these stablecoin reserves, offers insight into the relative value of the leading cryptocurrency compared to this available capital. While the SSR itself is informative, its RSI is particularly relevant. The RSI, a momentum oscillator, measures the speed and magnitude of recent changes in the SSR.

    Indicator Enters “Undervalued” Zone

    A chart shared by Maartunn illustrates the trend in the Bitcoin SSR RSI over the past few years. The data indicates a significant recent drawdown, pushing the indicator into an “undervalued” zone. This suggests that the SSR has fallen to a level where a rebound may be probable.

    The current RSI value of 13 is notably low when compared to historical data. “There’s a lot of stablecoin liquidity sitting on the sidelines relative to Bitcoin’s market cap,” the analyst stated. This low point coincides with a steep bearish trajectory observed in Bitcoin and other digital assets. The market will now watch to see if investors begin to deploy this excess stablecoin capital to purchase assets at these lower prices, potentially contributing to market stabilization.

    Significant Portion of Bitcoin Supply Now Underwater

    In related news, the recent downturn in Bitcoin’s price has resulted in a substantial portion of its circulating supply falling into an unrealized loss. Maartunn also highlighted in a separate X post that 52% of Bitcoin’s circulating supply is currently trading below its acquisition cost.

    At the time of reporting, Bitcoin was trading around $62,700, marking a decline of nearly 10% over the past seven days.

  • XRP Tests Key Support Amidst Bull-Bear Showdown

    XRP Tests Key Support Amidst Bull-Bear Showdown

    XRP Tests Crucial Support Level, Signaling Potential Trend Shift

    XRP is currently testing a significant macroeconomic support level that could prove pivotal in determining its next market trend. With momentum hanging in the balance, a strong rebound could herald a recovery, while continued weakness might pave the way for further declines.

    XRP Finds Firm Ground at Critical 0.786 Fibonacci Support

    In a recent market assessment, cryptocurrency analyst CasiTrades observed that XRP has reached its key 0.786 macroeconomic support level, trading around $1.09 on Coinbase. The daily chart currently validates this support, as price action has so far respected this critical technical indicator.

    The immediate focus for traders now shifts to how the market responds to this positioning. CasiTrades has identified $1.19 and $1.27 as the primary resistance levels to watch. As long as XRP remains capped by these levels, the broader correction is expected to persist, leaving the possibility of a decline towards the $0.90 support zone, aligned with the 0.854 Fibonacci level.

    Conversely, a shift in market sentiment could invalidate the bearish outlook. If XRP demonstrates substantial buying pressure and manages to break through these established resistances, it would suggest the market is forming a new trend rather than consolidating for another downward movement.

    Ultimately, this moment represents one of the most critical junctures of the entire correction phase. With the major support level officially tested, the coming days will be essential in dictating the asset’s long-term trajectory.

    XRP Enters a Critical Macro Decision Zone

    According to market analyst EGRAG CRYPTO, XRP is presently situated within a crucial macroeconomic decision zone. The path forward is defined by specific technical thresholds that require sustained strength to confirm a trend.

    Specifically, a monthly candle close above $1.40 would indicate that the bottom was firmly established at $1.05. Reclaiming the $1.61–$1.65 range would signify the official commencement of a bullish recovery. A definitive break above $1.70 would offer even stronger confirmation of this momentum shift.

    If the price can successfully hold its ground, a double-bottom formation becomes a distinct possibility, setting the stage for a more robust rally. However, if XRP fails to maintain this support and loses its current momentum, the technical setup warns of a high likelihood of retesting the $0.80 level.

    While the potential for upside remains contingent on overcoming these key resistance hurdles, the downside risk persists if the current support falters. Traders are advised to remain cautious, as the resolution of this macroeconomic decision zone will determine whether the asset initiates a new bullish cycle or enters a deeper retracement.