Tag: Crash

XRP Price Is Forming A Death Cross That Previously Led To A 15% Crash

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The XRP price is currently at risk of a crash as crypto analyst Umair has revealed that the altcoin has formed a death cross. Notably, this same pattern formed the last time that XRP suffered a 15% crash.  XRP Price At Risk With Death Cross Forming In an X post, Umair stated that a death cross was forming on the daily chart for the XRP price. He further noted that the last time the altcoin printed this setup, it crashed by 15%, which, the analyst said, lines up perfectly with…

Crypto Whale Who Profited $200M From October Crash Opens $44.5M ETH Long

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The infamous Hyperliquid “OG Whale” who made nearly $200 million from the Oct. 10 market crash, alongside a few other successful plays, has loaded up $44.5 million in Ether longs. The whale, known by some as the “$10B HyperUnit Whale,” who has yet to be officially identified, added $10 million to an existing long position on Monday, taking the total up to $44.5 million, according to data from blockchain analytics platform Arkham Intelligence. “He is currently long $44.5M of ETH and is up over $300K in less than an hour,”…

Why XRP Price Crash Below $2 Is Not A Problem

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XRP has endured a difficult stretch in recent days, falling below the $2 level after a sequence of heavy selling. Price volatility across Bitcoin and other major assets added fuel to the drop, dragging XRP to lows around $1.92 and shaking the short-term sentiment of many traders.  However, several XRP supporters are still of the notion that this move is far from a cause for concern. One of the most vocal is an analyst operating under the name @WillyWonkaXRP on the social media platform X, who insisted that the dip…

Pump.fun Sold $436M USDC As Revenue Fell 53% Since October Crypto Crash

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Memecoin launchpad Pump.fun has cashed out more than $436 million in stablecoins since October’s record crypto market crash throttled trading activity and slashed the platform’s monthly revenue. Since Oct. 15, the Solana-based memecoin launchpad transferred $436 million in USDC (USDC) stablecoins to cryptocurrency exchange Kraken, signaling the platform’s operators were cashing out, according to blockchain data platform Lookonchain. Pump.fun began transferring millions in stablecoins to the exchange a week after the record $19 billion October crypto market crash had cut speculative appetite among memecoin investors. Source: Lookonchain Pump.fun’s monthly revenue…

Realized Bitcoin Losses Rise To FTX Crash Levels: Glassnode

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Bitcoin has taken a slide back to its April level of around $83,000, with mounting selling pressure prompting many investors to sell at a loss, reminiscent of major historic market crashes. Realized losses on Bitcoin (BTC) have surged to levels not seen since the 2022 FTX collapse, according to blockchain data platform Glassnode. “The scale and speed of these losses reflect a meaningful washout of marginal demand as recent buyers unwind into the drawdown,” Glassnode noted in an X post on Friday. Glassnode’s observation came minutes before Bitcoin slipped as…

Famous Trader Bets $27 Million That The XRP Price Will Crash

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A famous trader is betting on a significant XRP price crash amid this recent market downtrend. The altcoin continues to struggle despite the recent launch of Canary’s XRP ETF, with popular analyst Ali Martinez suggesting it could soon drop below the psychological $2 level.  Famous Trader Opens $27 Million Short Position On XRP In an X post, the on-chain analytics platform Lookonchain revealed that a famous trader is shorting the market again, opening a 20x short on XRP worth $27.4 million. The trader has also opened short positions of 40x…

Kiyosaki Says Cash Crunch Driving Crash, Stays Bullish on BTC, Gold

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Robert Kiyosaki, author of Rich Dad Poor Dad, has told his 2.8 million followers on X that he is not selling his Bitcoin or gold despite the sharp decline. “The everything bubbles are bursting,” he said in a Saturday post, adding that the real reason markets are falling is a global cash shortage. “The cause of all markets crashing is the world is in need of cash,” he added. Kiyosaki said he expects what he calls “The Big Print,” citing Lawrence Lepard’s thesis that governments will resort to massive money…

Metaplanet Q3 Bitcoin Profit Sinks 39% After $19B Crypto Market Crash

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Metaplanet’s quarterly Bitcoin valuation gains dropped sharply as the aftermath of October’s crypto market crash continues to weigh on corporate Bitcoin treasuries. Japanese investment company Metaplanet recorded 10.6 billion yen or $1.4 billion in Bitcoin (BTC) valuation gains during the third quarter of the year, down 39% from the 17.4 billion yuan ($2.4 billion) it posted in the previous quarter, according to earnings figures the company shared Thursday on X. “The Company’s Bitcoin Treasury Business continues to progress steadily in line with plan and is not dependent on short-term price…

Bitcoin ETFs Amass $524M, Best Day Since $19B Crypto Market Crash

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Bitcoin exchange-traded fund (ETF) investments are showing signs of recovery, signaling a return of risk appetite following a record crypto market crash in early October. US spot Bitcoin ETFs saw $524 million worth of cumulative net inflows on Tuesday, marking the highest daily amount since Oct. 7, according to data from Farside Investors. The $524 million inflows mark the highest cumulative inflows since the crypto market crash on Oct. 10, which delivered a significant blow to crypto investor appetite. The positive daily inflows are a welcome signal for Bitcoin (BTC)…

Bitcoin Crash Calls Coming From Bear Market Hopefuls: Analyst

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Some traders who are warning about an upcoming Bitcoin correction might be driven more by self-interest than by an unbiased view of the market, according to a Bitcoin analyst. “If you sold, you really want lower prices,” Bitcoin analyst PlanC said on the Mr. M Podcast published to YouTube on Friday, reiterating that those who’ve recently sold Bitcoin (BTC) may become more vocal on social media, promoting the idea of Bitcoin’s price falling in hopes of seeing the market move in their favor. “The whole point of you selling is…