In a recent ramble on the good ol’ platform X, those sharp-eyed analysts at Santiment took a gander at how certain cryptocurrencies, like our old pals XRP and Bitcoin, are faring in the grand scheme of the 30-day Market Value to Realized Value (MVRV) Ratio. Quite the mouthful, ain’t it?
History, that cruel and unforgiving judge, offers little solace. Bitcoin, the supposed hedge against the follies of men, has more often than not mirrored the chaos of its human creators during these shutdowns. Like a mirror reflecting the absurdity of existence, its price has followed the whims of the market, not the logic of its own supposed superiority.
In a spree of posts on the social megastructure X (the platform formerly known as Twitter), ZachXBT accuses John “Lick” Daghita of pilfering millions of dollars’ worth of seized digital assets from wallets tied to the US government. A tidy claim, almost as tidy as a towel folded with military precision.
Key Highlights
The U.S. dollar, once the unchallenged emperor of currencies, now lies prostrate, its index at its weakest since September. The Federal Reserve and the Bank of Japan, in a rare act of camaraderie, intervene to prop up the yen, a gesture as futile as trying to stop the tide with a broom.
Binance has conducted its usual meticulous rummage through listed spot pairs-checking liquidity, volume, and whether anyone still remembers what COMP stands for. The result? a tidy pruning: BTC/UAH, COMP/BTC, ETC/ETH, MOVE/BNB, PNUT/FDUSD, SHIB/DOGE, TON/BTC, and a few others are being shown the door. Delisting takes effect on January 27, because apparently calendars in crypto markets love a dramatic countdown just as much as we do.
As BTC tiptoes closer to that tantalizing $86,000 mark, the on-chain data is waving a red flag like it’s at a football game. Momentum? Weakening. Enthusiasm? Fragile at best. If this were a rom-com, we’d be about to enter the dreary breakup montage.
Leading the charge of despair was none other than Bitcoin, our finicky friend, who lost a whopping $1.089 billion. Imagine the sighs echoing through the blockchain! XRP, bless its heart, came in a prestigious third place on the list of cryptos facing catastrophe – but wait for it… there’s more!
A new shutdown may descend before the curtain fall of January the thirty‑first, as if the calendar itself conspirèd with calamity to close the stage.
According to our esteemed analyst – who clearly enjoys a good game of market roulette – negative funding rates are signalling a turnabout in XRP’s fortunes. The poor little coin is currently hobbling about 47% shy of its July record, having bravely endured a 600%+ rally since November 2024, only to now take a well-deserved nap. Bless it! And the timing? Oh, it’s simply charming; the bearish whispers began not at the peak but during a hefty 50%+ downturn. Short sellers, darling, are having a field day, with Binance funding rates leaning negatively since December – a clear sign that the shorts are struttin’ around like they own the place.
