XRP and DOGE Defy Flat Funding Trend Against BTC

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Ah, the crypto market! A veritable rollercoaster of emotions, where Bitcoin (BTC) has recently danced past historic highs, only to slow down as if it’s reconsidering its life choices. According to the ever-reliable Glassnode, we find ourselves in a rather flat funding trend across this whimsical crypto landscape. 🎢

Bitcoin holders on pause?

Our dear Bitcoin enthusiasts were positively giddy when the data revealed that a staggering 100% of Bitcoin’s circulating supply is basking in profits after that delightful leap over the $108,000 mark. But wait! What’s this? A surprising twist that has investors clutching their pearls in concern! 😱

Despite the bullish fanfare, the funding rates across our beloved crypto ecosystem have decided to take a nap. Bitcoin’s funding rate is lounging around a neutral level of 0.0079%, as if it’s pondering the meaning of life. 💤

Crypto Market Image

This rather unusual pattern has caught the attention of our dear investors, who are now reacting with a delightful mix of confusion and skepticism as the market faces price uncertainty, all while macroeconomic pressures loom like a dark cloud. ☁️

With Bitcoin’s low funding rate, buyers seem to have donned their skeptical hats, leaving investors in a state of existential dread about whether a larger bull run is on the horizon or just a mirage in the desert of despair. 🏜️

XRP and DOGE fuel optimism

While the flat funding rate has spread its dreary wings across the crypto market, it appears that only XRP and Dogecoin have managed to rise above the neutral levels among the top 10 cryptocurrencies. Bravo! 🎉

XRP and DOGE have managed to tickle their funding rates to a slightly positive level of 0.0101% and 0.0104%, respectively. Not quite a victory lap, but certainly a step up from the rest of the pack! 🏃‍♂️💨

This unexpected shift in sentiment suggests that crypto users are now more inclined to buy XRP and DOGE, even as Bitcoin continues to project gains for its loyal holders. How delightfully ironic! 😂

While the majority of DOGE and XRP holders are indeed in profit, they don’t quite match Bitcoin’s impressive metrics. Out of the total XRP in circulation, a commendable 92.8% are in profits, while DOGE, bless its heart, lags behind with only 81.1% in the green. 📉

And just when you thought it was safe to invest, the crypto market has thrown a surprise bloodbath today, with Bitcoin, XRP, and DOGE all taking a dip of 1.85%, 2.54%, and 2.89% respectively. Cheers to volatility! 🍷

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2025-05-23 23:31