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 Update: Nationalist Cryptocurrency Fraud Cons People Out of $6.5 Billion, Affecting 128,000
- Chinese "Cryptoqueen" Zhimin Qian faces UK sentencing for orchestrating a $6.5B Bitcoin Ponzi scheme targeting 128,000 victims, including elderly investors. - Her Lantian Gerui company used patriotic marketing and false 200% returns promises, with proceeds funding a £17,000/month London mansion and £6B in seized crypto assets. - UK authorities seized 61,000 BTC (worth $6B) and are pursuing asset recovery, as Qian's case highlights risks of unregulated crypto investments amid global regulatory crackdowns.
Pi Network’s Mainnet: Evolving from Smartphone Mining to an AI-Powered Blockchain Platform
- Pi Network's Testnet 1 achieves near-zero transaction failures, accelerating Mainnet v23 launch after successful high-volume stress tests. - Price jumps 3.5% as AI integration with OpenMind and decentralized computing prove scalability, while KYC streamlining boosts user onboarding. - Upcoming Mainnet will enable smart contracts and DeFi tools, but faces challenges including 10% price decline and only 296 active nodes currently operational.
a16z Elevates Wuollet to Lead Crypto Regulatory Affairs and Drive Innovation Strategy
- Andreessen Horowitz promoted Guy Wuollet to crypto general partner, focusing on infrastructure, DeFi, and DePIN to drive blockchain innovation. - U.S. regulatory clarity on crypto ETP staking and CFTC discussions on domestic spot trading align with a16z's advocacy for market-friendly policies. - The firm's investments in projects like Pakistan's ZAR stablecoin and stakes in Solana/EigenLayer highlight its strategy to bridge traditional and decentralized finance. - Wuollet's track record of 20+ crypto inv
Rumble's $767 Million Agreement with Northern Data Drives Growth in AI Infrastructure
- Rumble agreed to acquire Northern Data in a $767M all-stock deal to expand AI infrastructure and cloud computing. - Tether , owning 48% of Rumble, committed $250M in GPU services and advertising to support the merged entity. - The transaction requires regulatory approval and includes potential $200M cash payment if Northern Data sells a Texas data center. - Shareholders controlling 72% of Northern Data agreed to the 15% discounted stock exchange ratio, with 30.4% ownership in the combined company. - Rumb
Trending news
MoreCrypto prices
More
