Markets seem to be chewing over the rate cut like it’s the last bite of a stale sandwich. Instead of clear trends, we get a chaotic session where every headline feeds into trader hysteria. Nothing really breaks, but nothing rallies either. Still, every datapoint is treated like the Holy Grail-because, well, liquidity is as thin as a ghost and direction? Who knows?
TL;DR
- XRP fee revenue tumbles 89%, marking its weakest performance in five years.
- NYSE unveils a statue of Satoshi Nakamoto during XXI’s awkward debut.
- Bitcoin posts a 4,100% liquidation imbalance, and guess who’s taking the hit? Long traders, of course.
XRP Feels the Pinch: 89% Drop in Fees
Glassnode’s data is here to ruin your day. XRP’s fee activity just plummeted-its biggest drop since 2020. The 90-day average? From around 5,900 XRP per day in February, to a sad little 650 XRP now. It’s like the network just went on a vacation without telling anyone.
The timeline is as predictable as a soap opera. XRP tried to stay above $3 in August and September. Spoiler alert: it didn’t. October came, and it couldn’t even get a sniff of demand, so it tumbled down to the $2.00-$2.05 range. It’s like watching someone slowly slide down a hill on a slippery banana peel.
The question for the market is simple: Is this just a short-term slump, or has XRP’s glory days passed? With this massive drop, it’s hard to imagine any comeback until those fees stop falling faster than your favorite cryptocurrency’s value.
Satoshi Nakamoto Takes Over NYSE
Speaking of XXI, their debut wasn’t exactly a blockbuster. Shares opened at $10.74, slid to $11.42, and ended almost 20% down from their SPAC close. Not the grand entrance they were hoping for.
For the record, XXI holds around 42,000 BTC, worth about $3.9 billion. That puts them in the top three Bitcoin holders. Still, they haven’t quite figured out what they want to do with it, other than let everyone know they’re not trying to copy anyone else. Great…
“Satoshi Nakamoto”
Valentina Picozzi – @satoshigalleryTwenty One Capital places a statue of Satoshi Nakamoto, the inventor of Bitcoin, in NYSE. Its new home marks a shared ground between emerging systems and established institutions. From code to culture, the placement…
– NYSE 🏛 (@NYSE) December 10, 2025
Meanwhile, Strive Asset Management is raising $500 million to buy more Bitcoin. Apparently, 7,525 BTC just isn’t enough for them. Glassnode’s data shows that corporate and private Bitcoin reserves have risen 448% since 2023. Sounds promising, right? Even if XXI’s first trading day was more flop than fly.
Bitcoin’s 3,065% Liquidation Disaster
Now for the real fun. Bitcoin’s liquidation spread? It’s giving off some serious “I’m having a meltdown” vibes. In a 12-hour period, $81.99 million in Bitcoin positions were liquidated. A staggering $79.40 million of that came from long positions, while short traders were left picking up pennies with just $2.59 million in liquidations. That’s a 3,065% ratio. For context: long traders jumped in way too soon after the Fed’s announcement. Oops.
Bitcoin dipped from $92,000 to the low $90,000s, encountering resistance faster than an overzealous buyer at a Black Friday sale. No breakdown yet, but the leverage wipeout tells us that long positions were getting a little too crowded for comfort.
Sure, it doesn’t set the long-term trend, but it sure makes every day trader rethink their risk strategy. No one’s jumping in just because the Fed cut rates, right? Right?
The Crypto Crystal Ball
As Thursday rolls in, the market feels like it’s treading water in a sea of caution and fear. Bitcoin is hanging around $89,500-$90,500, with no clear direction. XRP, stuck near $2, has a fee structure that’s not exactly luring in buyers.
Bitcoin (BTC): Trading around $92,000 is the first hurdle, with $94,500-$95,000 as the next zone of interest. Immediate support is at $88,000, with deeper support sitting around $80,600.
XRP: The first resistance level is $2.12-$2.18, followed by $2.28-$2.34. Initial support is at $1.98-$2.00, with a deeper level lurking at $1.82-$1.85.
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2025-12-11 14:49