Bitcoin News Update: XRP's Death Cross and BTC Short Positions Trigger Bearish Market Downturn
- A major crypto trader linked to Roobet/Stake.com closed a $945K XRP short and expanded BTC shorts to 2,222 BTC ($224.5M), intensifying market volatility. - XRP fell 6% to $2.25 amid broader crypto weakness, with technical indicators warning of potential decline toward $1.72 if key support breaks. - OKX introduced a 10% price cap for RWA token indices to stabilize trading, though high-leverage shorts and macro risks threaten BTC's $90K-$95K support zone. - XRP's "death cross" pattern and Bitcoin's rising
An influential crypto trader linked to Roobet and Stake.com has recently closed a lucrative short position in
XRP has been under intense pressure, with its price dropping 6% to $2.25 amid a broader downturn in the crypto sector. The overall market cap fell by more than 4% to $3.45 trillion on November 4, 2025, as Bitcoin slipped below $104,000 and alternative coins continued to lag,
Adding to the negative sentiment, XRP has recently formed a rare "death cross" against Bitcoin, with its 50-day moving average falling below the 200-day average at around 0.00002380 BTC,
At the same time, the whale’s larger BTC short position introduces additional risk. With 2,222 BTC at stake, this trader’s moves could intensify selling pressure on Bitcoin, particularly if economic or regulatory worries grow. Analysts are watching support zones between $90,000 and $95,000, which could become crucial if the short triggers widespread liquidations, as previously reported.
In a different development, OKX has rolled out a price stabilization feature for its Real-World Asset (RWA) token index to help manage volatility. Starting November 6, the platform will restrict index prices to within 10% of the actual asset values, using XAUT/USD as a benchmark,
These recent events underscore the current market’s vulnerability. The technical breakdown in XRP, together with aggressive shorting by major traders, is fueling a feedback loop of selling. Still, some bulls are hopeful that a sustained move above $2.50 could spark a reversal, though this would require a notable change in market sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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