Minority Mindset

Now, the Bybit institutional crowd can trade away, waving collateral in the form of crypto and stablecoins, all held at Sygnum-no pockets, no socks, just digital vaults. Their balances are mirrored on the exchange in real time, presumably so no one feels left out at the party. Meanwhile, P&L is settled every eight hours, which is surely just long enough for one existential crisis, a cappuccino, and a nap.

It’s not just the financial markets that are being rewritten by crypto; it’s also the corporate growth playbook. Forget about the old-fashioned ways of making money-let’s just throw Bitcoin in the mix and see what happens!

Bitcoin, the venerable king of cryptocurrencies, currently trades at about $112,257, a figure that speaks of both strength and vulnerability. After weeks of retreating like a wounded lion, the chart now reveals a delicate upward pattern, yet the 50-day EMA at $114,547 looms like a shadow, a formidable barrier that the bulls must conquer. The volume, alas, has dwindled, a sign that confidence is waning, and uncertainty reigns supreme. The RSI, hovering near 48, offers no solace, for it suggests neither an overbought nor an oversold condition-merely a market in limbo.

XRP is tiptoeing around $2.95, like a cat eyeing a fishbowl. The descending triangle on the 12-hour chart has everyone holding their breath-or at least their memes. Horizontal support at $2.75 and a downward trendline since July have conspired to create this dramatic standoff. Analysts are practically frothing at the mouth predicting a breakout that could send XRP soaring to $3.60. But hey, if it fails, we might see it tumble back to $2.75 faster than you can say “HODL.” 🐱‍🏍📉