A death cross, for the uninitiated, is like a technical analysis party crasher 🎉 – it happens when a shorter-term moving average (think 50-day or 50-week MA) falls below a longer-term moving average (like 200-day or 200-week MA). It’s often seen as a bearish signal, like a big, ominous cloud ☁️, frequently indicating deeper corrections or extended downtrends.
despite the flood of cash, the XRP price remains stubbornly stagnant at around $3.13. A far cry from its recent high of $3.39, the drop that began on July 23 shows no signs of reversing. Yet, this is precisely where the “smart money” loves to lurk—when prices are flat or falling, not when they’re soaring to the moon. 🌑💼
A Bitcoin whale older than my Spotify Wrapped list just sold off 80,202 BTC, and we’re all just here like, “was that a whale or just a really big fish?” The stash, valued at nearly $10B, was liquidated like it’s Tuesday night trash TV—split across three days, with the final 40K sent to Galaxy six hours before the chaos began. 🐳💥
As the price chart so cruelly illustrates, our poor SHIB was thrust skyward, only to be brutally rebuffed by the 200-day moving average, that implacable gatekeeper of long-term momentum. Like a lepidopterist swatting at a rare butterfly, the market swatted SHIB back to its earthly confines, just shy of $0.0000145. Now it hovers, a trembling creature, above the $0.0000133 support zone, where moving averages cluster like vultures awaiting their next meal. 🦋⚰️
As the crypto realm shuddered through a brief tremor, Bitcoin’s once-bold ascent now stumbles at $115,000, a price tag as modest as a peasant’s cloak. Yet on-chain data, that ever-watchful scribe, reveals a crescendo of greed-fueled symphonies. The net realized profits, after a recent all-time high, swell like a wine-soaked toga at a Roman feast.
And so, the grand spectacle unfolds: a venerable institution attempting to wear the crown of blockchain innovation, while beneath the surface, the waters churn with uncertainty and the specter of folly. They say “trust the process,” but in this case, perhaps it’s better to trust your instinct—and maybe, just maybe, hold onto your gold coins tightly, because the future, no matter how shiny, might just be a gilded cage. 😅
The demand for this Bitcoin doth wax exceedingly strong, particularly after that most august personage, the former President Trump, did decree the possibility of a national reserve of these… novelties. A curious turn of events, indeed! Is this progress, or simply a new form of speculative madness?
The broader plot remains bullish, yet the price stumbles like a drunkard near key resistances, hinting at a possible intermission. A reset, perhaps? Or a midlife crisis with charts?
According to some very serious people at CoinGlass (who probably wear lab coats while crunching numbers), Binance’s total BTC futures open interest is now sitting pretty at 136,190 BTC, or roughly $15.74 billion. Over the past 24 hours, there’s been a 5.74% surge in total Bitcoin open interest, with most of it coming from CME and Binance. Because apparently, those two places are where all the cool kids hang out these days. 🕶️📈
According to the wisest sages at Cryptorank, our beloved Stellar is set to bid farewell to July in a triumphal march, maintaining a glorious streak of six years dancing in the green! 💃 Can you believe it? A 75.7% gain—its finest hour! In contrast, our dear XLM had previously wallowed in a mere 44.6% growth in July 2020. How the tables have turned!
