XRP’s Cataclysmic Collapse, Bitcoin’s Quantum Quandary, and Shiba Inu’s Desperate Bid for Survival!

by

XRP drops 7.5%, Upbit sell-off blamed

50 million XRP sold in less than 24 hours-just what every rational investor dreams of.

  • Sharp correction. XRP recovery stalled near $1.66 over the weekend before triggering a sharp reversal, because nothing says “stability” like a dramatic nosedive.

XRP’s recovery stopped around the $1.66 level this weekend, which triggered a rather violent crash. According to CoinGecko data, XRP is currently down 7.5%, reaching an intraday low of $1.45. Because why not turn a decent day at the office into a plot twist?

According to fresh market analysis by pseudonymous trader Dom (@traderview2), the enormous plunge was driven by a localized sell-off event on South Korea’s largest exchange, Upbit. Because of course, Upbit had to throw its hat into the “galactic-scale panic” ring.

HOT Stories
U.Today Crypto Digest: XRP Sees Heavy Selling, Bitcoin Is Breaking 12-Year Trend Against Gold, Shiba Inu Approaches Key Support

Crypto Market Apathy Confirmed by Low Demand for Derivatives

Key driver. The abrupt exit may have been driven by either a single large whale. Or perhaps a collective of retail traders in South Korea who suddenly realized they were holding a time bomb disguised as a cryptocurrency.

After XRP reached the $1.66 local high, sell pressure on Upbit exploded. Over a window of just 15 hours, Upbit users executed a staggering -50 million XRP in net market sales. Either a “mega-whale” or a collective panic among South Korean retail traders forced an abrupt exit. Because nothing says “strategic move” like selling 50 million tokens in the time it takes to brew a cup of coffee.

SHIB attempts to stabilize after extended sell-off

Shiba Inu is trending downward after an unsuccessful recovery attempt that got shut down as soon as weekend trading ended. Because if a moon dog can’t survive the weekend, what hope do we mortals have?

  • $0.00000666. Shiba Inu dropped below the $0.000006 mark earlier this week following a sharp breakdown but has since reclaimed that level. A Pyrrhic victory, perhaps.

Shiba Inu’s recent price action indicates that the asset is returning to the $0.00000666 region following a brief recovery attempt that was unable to create long-term upward momentum. Because nothing says “long-term strategy” like bouncing between six decimal places.

After recovering from recent lows, the token looked to be stabilizing for a short while, but fresh selling pressure soon put SHIB back in a precarious position, making traders wary of what might happen next. Because nothing says “confidence” like watching your investment mimic a cosmic tumbleweed.

The most recent drop, which quickly erased about 9% of SHIB’s value, essentially made it impossible for a longer-term reversal to form. The price had started reclaiming moving averages and testing short-term resistance levels prior to the decline, indicating a possible change in momentum. Which promptly changed back to “bearish despair.”

  • Downtrend. SHIB remains below downward-sloping moving averages, keeping the broader trend bearish. Because if you can’t beat the market, just join it.

But the sell-off that followed the rejection close to those resistance points shows that bearish pressure is still predominant over longer time periods. SHIB is still trading below important trend indicators from a technical perspective, and volume spikes during red sessions indicate that sellers are still in control of the overall direction. Because nothing says “technical analysis” like a graph that looks like a particularly aggressive rollercoaster.

The idea that the current rebound phase is more corrective than transformative has been strengthened by the repeated failures of attempts to create higher lows. Because if you can’t make it to the top, just pretend you’re taking a coffee break.

BTC is breaking 12-year trend against gold

Willy Woo warns of a “Quantum Discount” as Bitcoin breaks a 12-year trend against gold. Because of course, the universe would finally run out of patience with Bitcoin’s “digital gold” shtick.

  • BTC vs. gold. Willy Woo says Bitcoin’s long-standing “digital gold” narrative is facing a structural test. Because nothing says “structural integrity” like a 12-year-old analogy.

The decade-long narrative of Bitcoin as “digital gold” is facing its most significant structural challenge yet. Renowned on-chain analyst Willy Woo, in a recent X post, warned that Bitcoin has broken a 12-year valuation trend relative to gold, citing a looming “Quantum Discount” that could suppress prices for years. Because nothing says “future-proof” like a token that’s now less valuable than a gold-plated paperweight.

Historically, Bitcoin has aggressively outpaced gold in value – by 76,231,860% according to ICE chart on TradingView. However, Woo observes that this relationship has decoupled just as the global “long-term debt cycle” reaches its peak. While macro investors typically flee to hard assets during debt deleveraging, gold is “mooning” while Bitcoin remains tethered. Because of course, the universe would reward patience and simplicity over complexity and hubris.

  • Liquidity shock. The concern centers on roughly four million dormant or “lost” BTC. Because what could possibly go wrong with an interdimensional heist?

The primary fear is not just Bitcoin network security but a massive liquidity event, as Woo points out that roughly four million “lost” Bitcoins – untouched for years and often belonging to early adopters and even the creator of the cryptocurrency, Satoshi Nakamoto – could become vulnerable. If quantum technology can unlock these wallets, those coins would effectively return to circulation. Because nothing says “existential threat” like the possibility of someone finally finding your lost Bitcoin and deciding to sell it.

Read More

2026-02-18 01:48