Bitcoin News Update: XRP's Death Cross and BTC Short Positions Trigger Bearish Market Downturn
- A major crypto trader linked to Roobet/Stake.com closed a $945K XRP short and expanded BTC shorts to 2,222 BTC ($224.5M), intensifying market volatility. - XRP fell 6% to $2.25 amid broader crypto weakness, with technical indicators warning of potential decline toward $1.72 if key support breaks. - OKX introduced a 10% price cap for RWA token indices to stabilize trading, though high-leverage shorts and macro risks threaten BTC's $90K-$95K support zone. - XRP's "death cross" pattern and Bitcoin's rising
An influential crypto trader linked to Roobet and Stake.com has recently closed a lucrative short position in
XRP has been under intense pressure, with its price dropping 6% to $2.25 amid a broader downturn in the crypto sector. The overall market cap fell by more than 4% to $3.45 trillion on November 4, 2025, as Bitcoin slipped below $104,000 and alternative coins continued to lag,
Adding to the negative sentiment, XRP has recently formed a rare "death cross" against Bitcoin, with its 50-day moving average falling below the 200-day average at around 0.00002380 BTC,
At the same time, the whale’s larger BTC short position introduces additional risk. With 2,222 BTC at stake, this trader’s moves could intensify selling pressure on Bitcoin, particularly if economic or regulatory worries grow. Analysts are watching support zones between $90,000 and $95,000, which could become crucial if the short triggers widespread liquidations, as previously reported.
In a different development, OKX has rolled out a price stabilization feature for its Real-World Asset (RWA) token index to help manage volatility. Starting November 6, the platform will restrict index prices to within 10% of the actual asset values, using XAUT/USD as a benchmark,
These recent events underscore the current market’s vulnerability. The technical breakdown in XRP, together with aggressive shorting by major traders, is fueling a feedback loop of selling. Still, some bulls are hopeful that a sustained move above $2.50 could spark a reversal, though this would require a notable change in market sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Today: "Massive $8.9M WBTC Sell-Off by Whale Exposes Leverage Risks in Crypto's Unstable New Age"
- A crypto whale sold $8.9M in WBTC on Nov 5, 2025, amid market turbulence and leveraged position liquidations. - The sale followed a 14-year BTC accumulation strategy, highlighting Bitcoin's 100x price surge from $1.54 to $100K+. - Leveraged WBTC longs faced $31.47M liquidation as BTC dipped below $101K, exposing fragility of leveraged bets. - A whale averted liquidation by selling 465.4 WBTC/2,686 ETH to repay $56.52M debts during sharp price swings. - BTC's 15% 30-day decline raises sustainability conce
Astar (ASTR) Price Rally: On-Chain Growth and Key Ecosystem Alliances Fuel Sustainable Value
- Astar (ASTR) rose 1.95% in 24 hours, driven by cross-chain interoperability boosting active addresses by 20% in Q3 2025. - Strategic partnerships with Animoca Brands and Sony Soneium aim to bridge Web2 users to Web3 via anime IP and decentralized identity projects. - Whale accumulation of $3.16M ASTR and rising OBV/A/D indicators signal strong institutional confidence in long-term value. - Challenges persist: DeFi TVL dropped $11.96B, ASTR's $5.6M 24h volume highlights liquidity risks amid ecosystem grow
Bitcoin News Update: Bitcoin’s Drop to $100k Highlights Short-Term Anxiety Versus Enduring Confidence from Institutions
- Bitcoin fell below $100,000 in Nov 2025 amid geopolitical tensions and profit-taking, wiping $1.3B in crypto liquidations. - Technical indicators showed bearish momentum, with whales selling 38.4k BTC while retail traders bought 415 BTC. - Michael Saylor predicted $150k BTC by year-end, citing institutional adoption, as investors shifted to altcoins like AlphaPepe. - Miners like MARA doubled Bitcoin reserves in Q3, but stocks dipped amid macroeconomic uncertainties and volatile price swings.
Vitalik Buterin Backs ZKsync: Driving Layer 2 Expansion and Unlocking Investment Opportunities
- Vitalik Buterin's endorsement of ZKsync's Atlas upgrade validates its technical innovation, boosting institutional interest and investor confidence. - The upgrade enables direct Ethereum liquidity access, achieving 15,000+ TPS and near-zero fees, positioning ZKsync as a key Layer 2 infrastructure. - Buterin's backing triggered a 120% token price surge and $600M market cap, highlighting its potential to dominate Ethereum's scaling solutions. - ZKsync's tokenomics overhaul prioritizes buybacks and staking
Trending news
MoreCrypto prices
More
