Crypto news

According to the ever-watchful folks at Lookonchain, this trader isn’t just dipping his toes in the short-selling pool-he’s doing a cannonball. With a 20x short position on XRP worth $27.4 million, he’s essentially saying, “I’ll take ‘Bad Bets’ for $27 million, Alex.” And just for fun, he’s also shorting Bitcoin and ZEC with positions worth $148.5 million and $20.4 million, respectively. Because why stop at one bad idea when you can have three? 🎲💸

Turns out, Fibonacci folk have their charts out and reckon the next targets are the fancy $0.29 and $0.34 levels. Ooh la la! Someone’s aiming for the stars… or at least the next few cents.

Will the selling stop? Or will it keep going like a never-ending meeting with HR? 🤔 If it doesn’t ease up, here are some support levels to watch-because even Bitcoin needs a safety net.

The FOMC minutes are the Fed’s version of a “transcript” from a secret meeting, where they probably discussed how to confuse the market. These minutes could be the key to unlocking rate cuts, or maybe just another round of “wait and see” nonsense. 🐸

The New Hampshire Business Finance Authority, that noble assembly of financiers and dreamers, convened on Nov. 17 to deliberate over a proposal as intricate as a Russian nesting doll. Minutes reveal they sought to “consider approving a resolution authorizing up to $100,000,000 bonds for a project to acquire and hold digital currency.” A task as daunting as herding cats with PhDs. 🐱🎓

กระแสเงินไหลเข้า ETF แบบสปอตยังคงมีต่อเนื่อง แต่ไม่สามารถดันราคา XRP ได้ 🥱 โดยกองทุน XRPC ETF ของ Canary มียอดไหลเข้า 25.4 ล้านดอลลาร์ในวันที่ 18 พฤศจิกายน ส่วนกองทุนใหม่อย่าง EZRP ของ Franklin Templeton ก็แทบไม่ทำให้ตลาดขยับ 😴 แม้สินทรัพย์ภายใต้การบริหารจะรวมกว่า 270 ล้านดอลลาร์ แต่ความสนใจจากสถาบันยังไม่มากพอจะหยุดแนวโน้มขาลงหลายสัปดาห์ของ XRP 📉

What truly astonishes is not the plunge of prices, but the identity of the sellers-a comedy of errors! 🎭

Crypto is a multi-trillion-dollar industry, with 10x, 100x, or even 1000x opportunities just sitting there, waiting for you to throw your life savings at them. What could go wrong? 🤷‍♂️

Grayscale, meanwhile, is sitting there like, “I launched first,” while 21Shares and Fidelity sprint in like they’re late to their own crypto party. And let’s not forget the $30M that poured in on Nov 18-because nothing says “confidence” like throwing cash at a chart while screaming, “I’M NOT PANICING!” 🚀💸