GBPJPY

Ethereum ETFs are bleeding faster than a broken fountain pen-$364 million in three days. Ouch. 📉

Now, the price is doing a rather sad jig at around $175, which, let me tell you, is a 6.4% drop in a single day! It feels as if it’s on a slippery slide that has seen a rather dismal week-long correction, croaking nearly 12% off its once proud value. But wait, hold those horses! Even with the likes of Bitwise, Grayscale, and 21Shares strutting around with over $500 million in their pockets, prices still refuse to play nice.

And, as if that wasn’t enough to make your crypto-loving heart skip a beat, Ripple took to X (formerly Twitter) to share that this new service will allow clients to indulge in over-the-counter (OTC) spot transactions across a dazzling array of digital assets and stablecoins. That includes the ever-popular $XRP and, let’s not forget, the newly beloved $RLUSD. Because why wouldn’t you want to trade those over-the-counter, like some financial connoisseur enjoying a fine bottle of vintage wine?

Despite $38M in long positions getting wiped out like a napkin at a spaghetti convention, buyers are holding the line at $170. Bullish? Or just stubborn? 🤔

In a turn of events that no one saw coming (except, probably, anyone with a basic understanding of markets), Bitcoin’s price is heading south, dragging short-term investors with it. The Realized Profit/Loss (RPL) ratio for short-term holders has taken a nosedive, and it’s not pretty. Picture a financial car crash, except in slow motion, and with more spreadsheets.

Donut Labs is cooking up an “AI quant inside a browser”-because who needs bankers when your computer can double as your trading genius? 💻💰

The mighty XRP has taken quite the tumble, dropping by 4.53% just since yesterday-clearly, it’s not having its best week. Don’t you just love the unpredictability of it all?

This windfall, allegedly, stems from WLFI tokens, the TRUMP coin, and the USD1 stablecoin-a trifecta of financial absurdity. 💰🎪

The daily chart, dear reader, is a masterwork of bearish artistry. Bitcoin, that fickle lover, tried to rally from the $103,530 abyss, only to be rebuffed at $114,000 by resistance-a shrewd suitor who knows the value of a good no. The candlesticks? Red as sin, their volume a cacophony of panic. The November 2-3 engulfing candle? A Shakespearean tragedy in four acts, penned by the hand of capitulation.

Binance Futures is throwing in the towel on the USDⓈ-M KDAUSDT, COIN-M AXSUSD, and THETAUSD perpetual contracts. The fun begins on Nov. 6 and 7, so don’t say we didn’t warn you. If you’ve got a position in these, it’s time to panic… I mean, close those positions. 😉