Bitcoin, the crypto king, took a hit so hard, it’s now basically a “I told you so” for anyone who said, “This is a bubble.” Despite a 72% surge in trading volume, which is basically crypto’s version of “I’m buying a lottery ticket,” the price dropped 4%. Because nothing says “confidence” like selling your coins after a 72% spike. 🤷♀️
Behold, the 120-day sidelong shuffle-a dance of indecision so pedestrian it would make a caged hummingbird weep. Mr Wall Street, with all the gravitas of a man who’s seen three divorces, declares that Bitcoin’s refusal to break below $107,000 is not a sign of weakness, but a covert waltz with institutional giants, slyly gobbling up the crumbs of retail panic. “If this were a true top,” he quips, “the price would have collapsed under the weight of its own delusions. But no! It stands firm, like a Victorian maiden refusing to blush.”
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This endeavor, birthed from the union of Ripple’s licenses and the recently acquired Hidden Road (a firm as enigmatic as a Russian novel’s second act), now dubs itself Ripple Prime. Institutions, those weary travelers of the financial steppes, may now traverse foreign exchange, digital assets, derivatives, swaps, and fixed income products-all from a single platform! A utopia of convenience, or a labyrinth designed to obscure the abyss? 🤔
Just today (November 3rd, because nothing says ‘fun’ like a random Tuesday with financial havoc), Binance decided to yank three altcoins from its playground. The result? Prices did a spectacular nosedive, looking for a soft landing that wasn’t there.
For comparison, the shorts, those timid souls, managed a mere $3,200, leaving a 13,600% imbalance that screams of chaos. The market, ever the dramatic actor, has once again shown its true colors. 🤡
Let me guess-another blockchain “partnership” where they take a perfectly good financial system and make it… more complicated? 😒 Ondo Finance, a “prominent tokenization platform,” just dropped a landmark deal with Chainlink, a “top oracle platform.” Signed on October 30th, because why not pick a random date and call it historic? 🎉 This “bridge between traditional finance and blockchain” basically means they’re slapping a blockchain label on things that already work fine. But hey, at least the basis of tokenized assets is now “secured.”
“Bitcoin’s average cost basis is $55.9K,” Ju writes, “and holders are up 93%.” A number that glitters, but the price? It’s playing hard to get, like a teenager who’s seen too many movies. Realized cap, that old reliable, is climbing, but it’s not the same as a rocket ship. It’s more like a slow-moving train, chugging along with the weight of the world on its tracks. The question isn’t whether the money’s there-it’s why it’s not shouting.
This week’s installment? A cool 397 BTC for a mere $45.6 million, because why not? At an average price of $114,771 per unit, Strategy is basically the Bitcoin version of that friend who always shows up to potluck with store-bought cookies but still gets all the credit. 🍪💸 Their total stash now sits at a jaw-dropping 641,205 BTC, acquired for around $47.5 billion. Quick math: their BTC yield is 26.1% YTD 2025. Impressive? Sure. Humble? Not so much. 😏
According to the ever-watchful Whale Alert, Ripple has liberated 1 billion XRP (a sum approaching $2.4 billion) from the confines of three escrow contracts on the first of November. The first batch, a mere 200 million, and its companion, 300 million, were dispatched to wallets of mysterious provenance, while the remaining 500 million found refuge in Ripple’s well-known treasury. A distribution as precise as a lady’s fan at a summer soirée. 🧐📜