Category: Crypto market

Binance Traders Slash XRP Longs Ahead of Powell’s Jackson Hole Talk

Posted on by Olumide Adesina

Top XRP accounts reduce their long positions in anticipation of Jerome Powell’s appearance at Jackson Hole, according to Binance data, decreasing exposure ahead of one of the summer’s major macro events.

 

The shift is even more noticeable in open positions: shorts increased to 34.02 percent, while longs made up 65.98 percent, bringing the ratio down to 1.94, the lowest in weeks. This shows that although most large accounts are long, they are doing so with less weight. As of August, twenty percent of top margin users held long accounts (78–12%), while twenty-one percent held short accounts (21–88%), resulting in a 3–57 ratio.

The ratio declined to 2.87 as the proportion of longs dropped to 74.15 percent and shorts rose to 25.85 percent on August 21.

The change in open positions is even more obvious: the ratio hit 1.94, the lowest in weeks, with longs at 65.98 percent and shorts increasing to 34.02 percent. It indicates that even though most large accounts remain long, they are doing so with less weight.

XRP plunged to a three-week low of $2.83, losing 3.6 percent over the past day.

Despite several positive developments, including increased odds of approval for a spot XRP ETF, the token has dropped 22% from its peak on July 18. Additionally, XRP has fallen more rapidly than the broader crypto market, which has declined about 8 to 5.5 percent since its August 14 high in total market cap. Analysts say the altcoin is currently between the $2.97 resistance and $2.77 support levels.

Market sentiment suggests XRP could retest the $2.77 support level if Bitcoin continues its decline toward $112,000. The Relative Strength Index (RSI) suggests selling pressure may be easing. A confirmed rebound above $2.96 and $3.21 would indicate a return to the consolidation zone, supporting a bullish outlook. The macro environment will thus be ready once Bitcoin’s correction concludes.
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Forex Signals Brief August 22: Powell’s Final Jackson Hole Speech as Wall Street Rebounds

Posted on by Skerdian Meta

U.S. stocks ended the session weaker ahead of a pivotal moment at Jackson Hole, where Fed Chair Powell will deliver his farewell address. Continue reading “Forex Signals Brief August 22: Powell’s Final Jackson Hole Speech as Wall Street Rebounds” →

XRP needs a Jailbreak or might fall to $2.5 if Support fails

Posted on by Olumide Adesina

XRP is trading below $3 and testing the $ 2.90 support; market pressure may increase, leading to a decline toward $2.50 or even $2. For trend confirmation, monitor the $2.90 support.

 

The altcoin has tested support at $2.90 as it falls below $3. As market pressure grows, a drop to $2.60 or $2 could happen if $3.30 remains unreclaimed.

The market’s confidence was shaken when XRP recently dropped below $3. Bulls need to quickly recover $3.30 or risk losing momentum to sellers in upcoming sessions, as bears aim for $2.60 and even $2. The current price of XRP is $2.95, down approximately 5.5% for the day, still trapped between the $3.30 resistance and the $2.90 support.

Until bulls convincingly retake $3.30 with strong volume, the short-term trend remains bearish. Since mid-August, $2.90 has acted as a temporary floor. A clear break below $2.90 could accelerate selling toward $ 2.60. Earlier this year, $2.00 was a key zone for accumulation.

Breakdowns could confirm higher downside risk with volume spikes. Reduced buyer participation and liquidity result from market cap contraction and lower risk appetite. The slowing momentum and sideways movement in XRP’s technical indicators suggest macro sell pressure might push the price toward lower support levels.

Dollar-cost averaging into the $2.55–$2.00 zones is a strategy for long-term holders who practice disciplined position sizing and seek confirmation through stronger market breadth or reduced volatility. XRP’s price implications below $3.

Highlight a vulnerability, with key support around $2 to $90. Traders should watch the $2.60–$2.00 and $3.30 levels for bullish signals. If market conditions change, COINOTAG will track these levels and provide updates.

MicroStrategy’s Q2 2025 Stumble: Risks Exposed, Redemption in Sight?

Posted on by Olumide Adesina

MicroStrategy (MSTR), now referred to as “Strategy,” has sparked considerable discussion in the investment community.

The company’s Bitcoin-focused treasury strategy has historically yielded impressive profits, but the most recent quarter revealed a significant earnings miss. The earnings per share (EPS) were reported at -$16.49, which was 575% lower than the anticipated -$2.44.

 

This outcome, combined with the stock price remaining stagnant despite Bitcoin reaching all-time highs, raises questions about the viability of the company’s business model and the legitimacy of its turnaround strategy.

MicroStrategy’s results illustrated a growing disconnect between its traditional operational performance and its Bitcoin-driven financial metrics In the second quarter of 2025. The unrealized gains from the company’s 628,791 Bitcoin holdings accounted for all of the $14.03 billion in operating income and $10.02 billion in net income, while software revenue contributed a mere $114.5 million.

Earnings are closely tied to fluctuations in Bitcoin’s price due to fair value accounting under ASU 2023-08. Overnight gains of $6.3 billion could be wiped out by a $10,000 decline in Bitcoin’s price. Furthermore, MicroStrategy’s aggressive capital-raising approach, which included $102.5 billion in Q2 through IPOs and ATMs, has expanded its equity base but slowed the growth of Bitcoin Per Share (BPS). The company’s ability to maintain a sustainable accumulation of Bitcoin is under pressure, as BPS has only increased by 25% year-to-date.

MicroStrategy updated its FY2025 guidance in response to the earnings miss, estimating $34 billion in operating income and $80 in diluted EPS, if Bitcoin closes the year at $150,000.

These goals, however, are predicated on three speculative hypotheses: Bitcoin’s Price Trajectory: The year-end price of $150,000 represents a 38% increase from the Q2 close of $107,752. This is attainable but by no means assured, according to historical volatility.

 

 

Forex Signals Brief Aug 20: RBNZ Rate Cut, Analog Devices and Target Earnings

Posted on by Skerdian Meta

Early today the RBNZ lowered interest rates by 0.25% while later we have Q2 earnings from Target and Analog Devices ADI. Continue reading “Forex Signals Brief Aug 20: RBNZ Rate Cut, Analog Devices and Target Earnings” →

Ripple: XRP Tanks as Whales Unload Holdings

Posted on by Olumide Adesina

Investors withdrew from the altcoin market, leading XRP to fall another 6% ahead of Powell’s speech at Jackson Hole on Friday.

 

XRP declined by 13% over the past six days. Over the last day, XRP dropped below several key support levels. The token moved below the 50-day Simple Moving Average (SMA), the $2.95 level, and the lower boundary of a symmetrical triangle pattern. If the 50-day SMA doesn’t recover, XRP could drop to the $2.78 support level

Further losses might be limited by the $2.6 level below if the decline continues.  Large investors holding between 10 and 100 million XRP tokens reduced their holdings by approximately 460 million XRP over the past week. Meanwhile, smaller whale wallets holding 1–10 million XRP added 130 million tokens to their total holdings. This shows that major XRP holders have differing outlooks. Meanwhile, since mid-January, over 93% of the circulating XRP supply has been in profit.

The average profit for holders of remittance tokens has consistently remained above 80 percent since the strong uptrend last November following President Trump’s election victory.

The token has benefited from favorable regulatory developments during Trump’s administration and the resolution of Ripple’s more than four-year legal dispute with the Securities and Exchange Commission (SEC).

However, if a bearish market shock occurs, such high profit levels could trigger significant profit-taking, especially now that the SEC’s case against Ripple is resolved and positive crypto regulations are priced in.

Powell’s speech may significantly influence how investors respond to these large profits on Friday, as market participants focus on Jackson Hole.

ETH Bloodbath: Ethereum Sinks Below $4,200, Outlook Grim

Posted on by Olumide Adesina

Ethereum continued to decline by 5% on Tuesday, breaking below the $4,200 level after short-term volatility, institutional outflows, and validator queue exits increased. Ahead of Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium on Friday, traders are continuing to de-risk, as shown by the cautious sentiment.

Ethereum fell below $4,200, bringing its total decline since last Thursday’s market-shaking release of the US Producer Price Index (PPI) inflation data for July to over 10%. According to CryptoQuant’s data, Ethereum experienced lengthy liquidations totaling more than $1.11 billion during this period, indicating de-risking ahead of Powell’s speech.

After a significant reversal from its upward trend, Ethereum is currently testing the $4,100 support level, falling below the 14-day Exponential Moving Average (EMA). If ETH drops below $4,100, it may find support at the 78.6% Fibonacci Retracement level near $4,000, which is just above a key descending trendline.

Additionally, the CME FedWatch Tool indicates that market expectations for a rate cut at the next Federal Open Market Committee (FOMC) meeting in September have decreased from over 90 percent to 82 percent on Tuesday, following last week’s higher-than-expected inflation data.

This decline suggests that cautious sentiment is gradually taking hold, despite investors still favoring a rate cut.

Data from Validatorqueue.com shows Ethereum’s validator exit queue has risen to a record high of 927,000 ETH, reflecting similar on-chain sentiment. The validator exit queue represents the number of coins waiting to be released from validation duties. Large exits during a price correction often negatively impact market sentiment, even if some of these coins are not destined for profit-taking..

Ripple’s XRP Melt Like ice cream Under Sun

Posted on by Olumide Adesina

XRP is experiencing another round of sell-offs. The cryptocurrency has dropped 6% for the day, while Ethereum has fallen 4% and Bitcoin has declined 2.8%. The price of the Ripple token was $2.87.

XRP has experienced an increase of approximately 49% year-to-date, despite a notable decline in valuation following a record high last month. During its conference call and second-quarter earnings release this morning, Home Depot announced that it would be raising prices on some products sold in its stores due to pricing pressures from tariffs.

Investors seem to interpret the company’s statement as a signal that inflation in the U.S consumer sector may soon increase.

Bullish sentiment could be severely damaged. XRP and other cryptocurrency valuations are heavily influenced by the overall macroeconomic environment.

Home Depot ranks among the largest and most influential retailers in the United States. As a key player in the home-improvement sector, which is often seen as a predictor of the real estate market and the broader economy, it is also the biggest in its field. Consequently, the company’s quarterly results and guidance are often regarded as important indicators of trends in stock and asset valuation.

Home Depot announced plans to raise prices due to tariffs after the Bureau of Labor Statistics’ Producer Price Index report last week showed inflation levels significantly higher than analysts predicted. There are concerns that the U.S. consumer economy may soon face higher inflation because of the home improvement retailer’s comments.

KindlyMD Kicks Off Bitcoin Treasury with 5,744 BTC Acquisition

Posted on by Olumide Adesina

KindlyMD, a healthcare company that became a bitcoin treasury vehicle following its merger with David Bailey’s Nakamoto Holdings, started its ambitious bitcoin accumulation plan by purchasing 5,744 for $679 million.

The company and Nakamoto completed their merger in mid-August, combining funds from a concurrent $200 million convertible note offering and an expanded $540 million PIPE financing. According to the newly combined company, which trades under the ticker NAKA, it currently owns 5,764.91 bitcoins after purchasing its first tranche at an average price of $118,204.

KindlyMD has joined the growing group of institutional Bitcoin holders following a recent acquisition. According to data from The Block’s dashboard, KindlyMD is now among the top 20 publicly tracked Bitcoin treasury holders, while Michael Saylor’s strategy continues to lead with over 629,376 BTC, valued at more than $72 billion.

The company now holds more Bitcoin than industry leaders such as Cango Inc., GameStop, and Semler Scientific.

Nakamoto aims to eventually acquire over one million Bitcoins to achieve his goal of owning up to 5% of the total capped supply of 21 million Bitcoins. David Bailey, the CEO and chairman of NAKA, stated, “Our long-term goal of amassing one million Bitcoin reflects our belief that Bitcoin will be the foundation of the next era of global finance.” This aggressive accumulation strategy aligns with the emergence of digital asset treasuries as a new asset class and the growing institutional demand for exposure to Bitcoin.

These public companies, pioneered by Strategy, raise money through debt, preferred securities, and public equity—all of which are simple for traditional investors to comprehend and own. As part of a corporate crypto balance sheet, they subsequently park the money in Bitcoin or other cryptocurrency assets.