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Bitcoin is currently trading below $92,000, and the market is showing clear signs of exhaustion as selling pressure intensifies. Fear has pushed sentiment toward the bearish end of the spectrum, with many analysts now arguing that BTC may be entering a new bear market. The loss of key support levels and the rapid acceleration of downside volatility have only fueled these concerns, especially as short-term holders continue to capitulate at scale. Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging However, not all perspectives are bearish. Some analysts believe that Bitcoin may be forming a local bottom, as the current correction resembles previous mid-cycle retracements seen during strong bull markets. They argue that the broader macro environment remains supportive and that long-term holders have not shown signs of structural weakness. As selling pressure concentrates among weak hands, the possibility of a reversal increases — especially once forced sellers exhaust themselves. Adding to the uncertainty, new on-chain data from Lookonchain revealed that Bitcoin OG Owen Gunden just deposited all his remaining 2,499 BTC into Kraken roughly an hour ago. Moves like this often trigger speculation, as exchange deposits from early holders can signal potential selling. Yet historically, similar events have also occurred near cycle bottoms when panic is at its peak. A Massive BTC Transfer Sparks Market Speculation According to fresh data from Lookonchain, Bitcoin OG Owen Gunden has just deposited his remaining 2,499 BTC (worth $228 million) into Kraken roughly an hour ago. This move has immediately raised questions across the market, as large exchange deposits from early whales often signal potential selling pressure. What makes this development even more notable is the context: just two weeks ago, Lookonchain reported that Gunden appeared ready to offload his entire 11,000 BTC stash — a position worth over $1.12 billion at the time. Now, with this final deposit, it appears he has officially completed the move. For many traders, this confirms that one of the oldest and largest long-term holders has fully exited or is preparing to exit the market. Such whale behavior can amplify fear during corrective phases, especially as Bitcoin continues to struggle below $92K. Moves of this scale not only contribute to short-term volatility but also influence sentiment by signaling that even early accumulators may be reducing exposure. However, historically, capitulation events from long-term holders have often coincided with or preceded major turning points. If this massive transfer marks the end of Gunden’s sell-off, the market may soon absorb the pressure — potentially clearing the path for a recovery once the fear subsides. Related Reading: Nearly 7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 2024 Short-Term Trend Still Under Pressure Bitcoin’s 4-hour chart reveals a market that remains firmly under short-term selling pressure, despite occasional relief bounces. The price is struggling to reclaim $92,000, a level that previously acted as support but is now working as resistance. The series of lower highs and lower lows highlights a persistent downtrend that has shaped BTC’s trajectory since early October. All major moving averages—the 50 SMA, 100 SMA, and 200 SMA—are positioned above current price action and pointing downward. This alignment confirms a clear short-term bearish structure. Each time BTC attempts to recover, it meets strong resistance at these declining MAs, signaling that sellers remain in control. The most recent bounce barely reached the 50 SMA before being rejected again, reinforcing the weakness of buyer momentum. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price Volume remains elevated on downswings, which indicates that sell-offs continue to be driven by conviction rather than random volatility. Buyers are stepping in around the $89,000–$91,000 zone, but so far, this support has only produced temporary pauses rather than meaningful reversals. For a structural shift, BTC would need to reclaim at least the $95,000 area and break above the 100 SMA. Until then, the trend remains tilted toward further downside or continued consolidation near current levels. Featured image from ChatGPT, chart from TradingView.com
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XRP Daily Realized Losses Skyrocket: $75 Million Bleed Alarms Crypto Investors
BitcoinWorld XRP Daily Realized Losses Skyrocket: $75 Million Bleed Alarms Crypto Investors Cryptocurrency investors are facing alarming news as XRP daily realized losses have surged to their highest level since April. The popular digital asset has seen its 30-day exponential moving average of daily losses hit a staggering $75 million, creating significant concern among market participants. This dramatic increase in XRP daily realized losses comes as the token’s price dropped to approximately $2, marking one of the most challenging periods for XRP holders this year. What Do These XRP Daily Realized Losses Actually Mean? When we talk about XRP daily realized losses, we’re referring to the actual financial losses investors experience when they sell their XRP holdings at prices lower than their purchase price. Glassnode’s latest data reveals that the 30-day EMA of these losses has reached $75 million, indicating widespread selling pressure among XRP investors. This metric provides crucial insight into market sentiment and investor behavior during price declines. The current situation shows that many XRP holders are choosing to realize their losses rather than hold through the downturn. This pattern often signals declining confidence in short-term price recovery. However, it’s important to understand that realized losses can sometimes precede market bottoms, as weak hands exit their positions. How Does This Compare to Previous XRP Market Conditions? The current level of XRP daily realized losses represents the highest point since April, creating significant concern among market analysts. When we examine historical patterns, we can identify several key factors that differentiate the current situation: Magnitude of losses: The $75 million in daily realized losses exceeds most recent monthly averages Market context: Current losses occur amid broader cryptocurrency market volatility Investor response: Increased selling pressure suggests changing sentiment toward XRP Technical indicators: Multiple support levels have been tested during this decline CoinMarketCap data confirms the price pressure, showing XRP trading at $2.01 with a 5.04% decline over the past 24 hours. This price movement directly contributes to the increasing XRP daily realized losses as more investors sell at a loss. What Should Investors Watch For Next? For current XRP holders and potential investors, understanding the implications of these XRP daily realized losses is crucial. Market analysts suggest monitoring several key indicators to gauge future price direction. The high level of XRP daily realized losses often correlates with potential turning points in market sentiment. Investors should pay close attention to trading volume patterns, as decreasing volume during price declines might indicate selling exhaustion. Additionally, monitoring large wallet movements and exchange flows can provide insight into institutional and whale behavior regarding XRP positions. Navigating the Current XRP Market Environment The surge in XRP daily realized losses presents both challenges and opportunities for market participants. While the current data points to significant investor pain, historical patterns suggest that periods of high realized losses often precede market recoveries. The key for investors is to maintain perspective and avoid emotional decision-making. Successful cryptocurrency investing requires understanding market cycles and recognizing that periods of high XRP daily realized losses typically represent moments of maximum pessimism. These conditions can create attractive entry points for long-term investors who believe in XRP’s fundamental value proposition. Frequently Asked Questions What are realized losses in cryptocurrency? Realized losses occur when investors sell their cryptocurrency holdings at prices lower than their original purchase price, locking in the actual financial loss. How does the 30-day EMA of daily realized losses work? The 30-day exponential moving average gives more weight to recent daily realized losses, providing a smoothed view of recent loss trends rather than focusing on single-day fluctuations. Should I sell my XRP during high realized loss periods? Investment decisions should be based on your individual financial situation, risk tolerance, and long-term outlook rather than reacting to short-term market metrics alone. Do high realized losses indicate a market bottom? Historically, periods of extremely high realized losses have often preceded market bottoms, but this should be considered alongside other technical and fundamental indicators. How often does Glassnode update these metrics? Glassnode typically updates on-chain metrics daily, providing regular insights into market conditions and investor behavior patterns. What other metrics should I watch alongside realized losses? Important complementary metrics include trading volume, exchange flows, network activity, and large wallet movements to get a comprehensive market view. Found this analysis helpful? Share this article with fellow cryptocurrency enthusiasts on social media to help others understand the current XRP market dynamics and make informed investment decisions. To learn more about the latest cryptocurrency market trends, explore our article on key developments shaping XRP price action and market recovery patterns. This post XRP Daily Realized Losses Skyrocket: $75 Million Bleed Alarms Crypto Investors first appeared on BitcoinWorld . NewsBTC
Bitcoin Price Crashes Under $90K, Triggering Fresh Fears of Deeper Weakness
Bitcoin price started another decline below $90,000. BTC is now showing bearish signs and might struggle to recover above $88,5000. Bitcoin started a fresh decline below $92,000 and $90,000. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay in a positive zone above the $90,000 level . BTC bears remained active below $88,800 and pushed the price lower. The bears gained strength and were able to push the price below the $87,500 zone. A low was formed at $85,276, and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average . Besides, there is a bearish trend line forming with resistance at $91,500 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price could face resistance near the $87,000 level. The first key resistance is near the $89,000 level and the 50% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. The next resistance could be $91,000 and the trend line. A close above the $91,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,200 level. The next barrier for the bulls could be $94,500 and $95,000. More Losses In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level. The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,000, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $85,500, followed by $85,000. Major Resistance Levels – $87,000 and $89,000. NewsBTC
