jpyxx Blockchain analytics firm Glassnode-those number-crunching wizards-spilled the beans on Monday that XRP (XRP) is back to its old tricks, sporting a cost-basis configuration last seen in February 2022. Seems the recent buyers are piling in at prices that leave the earlier folks high and dry, according to a note shared via X.
The market, in its infinite wisdom, has decided to stabilize around a “demand zone.” Sounds fancy, doesn’t it? Like a VIP section for crypto enthusiasts. But let’s call it what it is: a last-ditch effort to avoid a full-on nosedive. Will it consolidate, or will it continue its downward spiral? Place your bets, folks. The financial equivalent of a coin toss is underway.
Wood, a man whose investment acumen is as celebrated as it is contentious, insists he is not predicting a sudden crypto meltdown but rather a slow, quantum-fueled exsanguination of Bitcoin’s store-of-value narrative. “While GREED & fear (a firm name that suggests either a lack of originality or a penchant for alliteration) does not believe the quantum issue will immediately decimate Bitcoin’s price,” he opined, “the very foundation of its claim to immortality as a pension portfolio staple is now built on sand.” Thus, with the solemnity of a Victorian parson reallocating his parish’s endowment, Wood has divested 10% of his Bitcoin holdings, apportioning 5% to gold and another 5% to gold-mining equities-because nothing says “future-proof” like a mid-19th-century mining stock.
The altcoins, bless their hearts, are once again drowning in crimson. There’s Ethereum, once strutting proudly above $3,300 on a warm Sunday evening, now wallowing below $3,100, as if someone pulled the rug right out from under it. And let’s not forget poor XRP, losing its grip on the precious $2.00 support like a cat thrown into water-flailing and confused.
The same pesky support level that used to crush every rally is back in the spotlight. And guess what? ETF demand just had its best week since the dinosaurs roamed the earth (well, 2026, but still impressive).
According to a recent Channels Television jawfest, the SEC’s new rule is turnin’ the crypto range into a no-man’s-land for all but the deepest-pocketed wranglers. ₦2 billion in capital? Why, that’s enough to make a local startup’s knees knock louder than a tin roof in a thunderstorm.
With this, the cryptocurrency has erased all its gains from January 14th and is once again trading at the levels we saw on the 12th, as shown in the chart below. Because nothing says “stability” like a time loop of panic.
The Bitcoin price slipped below $91k, and now LINK is tanking. Retail investors are screaming into the void, while whales are out here adding to their stashes since late 2025. They’re like, “Sure, the market’s a dumpster fire, but I’ll just sit here and build a moat of LINK.” Meanwhile, the rest of us are Googling “how to sell fast” and crying into our crypto tax reports.
On a crisp Tuesday morning, as the world adjusted its monocles, Trump-arriving in Davos like a Cossack at a symphony-announced with the subtlety of a bear in a china shop that Greenland “must” be America’s. Not “might,” not “could be nice,” but must. As though the island were a forgotten sock, finally located beneath the geopolitical couch. 🧦🇺🇸
Coinbase Premium Index is acting like a sad emoji, showing weak US demand. But hey, staking is booming! 🏗️🔥
