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why is btc frozen, what is happening
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🌙 Good evening, everyone! The crypto market is currently stable—no major dips or surges. It’s a calm moment in the world of digital assets, likely due to the ongoing World Trading Championship. Stay tuned and keep an eye on the trends! 🚀💰
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Bitcoin is a decentralized digital currency that leverages blockchain technology to enable secure, transparent peer-to-peer transactions without intermediaries, revolutionizing the future of finance.#BTC110KToday?
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bearish
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Ripple [XRP]: Here’s why your patience could pay off BIG later! No breakout, no breakdown – Could XRP’s quiet conviction be the calm before the storm? XRP’s structural resilience is being put to the test. Large holder addresses hit all-time highs, signaling smart money accumulation. If there’s one coin putting its holders’ patience to the ultimate test, it’s Ripple [XRP]. A month later, and it’s still down about 4% from where it was. It’s like the price is caught in limbo, teasing both bulls and bears without committing to either side. You’d expect fatigue to kick in by now. XRP has tapped the $2 support level three times since May. Usually, the more a support level gets tested, the more likely it is to crack. From a technical standpoint, that puts downside risk on the table. And yet, no capitulation. It’s almost like the whales and long-term holders know something the rest of the market hasn’t caught onto yet. Is it blind faith? Or is something brewing beneath the surface? Silent and sideways – Unpacking XRP’s technical stillness One look at XRP’s daily chart, and its silence is hard to miss. While Bitcoin [BTC] surged from $76k in April, nearly doubling by mid-May, XRP’s price remained largely range-bound, showing minimal volatility. This contrasts sharply with the prior cycle, where BTC’s breakout to $100k ignited a parabolic 500%+ rally in XRP, peaking at $3.54 in early January and pushing as many as 99.8% of its supply into profit. Fast-forward to now, XRP’s profitability metric has retraced to roughly 80%. This indicates that while weak hands have likely offloaded their positions after taking profits, a substantial cohort of holders remains in unrealized gain territory. According to AMBCrypto, these unrealized gains keep FOMO alive for further upside, which helps explain why we haven’t seen any major capitulation despite the sideways price action.
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