Turbulence – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 03 Jun 2025 00:08:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Turbulence – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin’s 8% correction flushed leverage but set stage for short term turbulence https://earlybirdsinvest.com/bitcoins-8-correction-flushed-leverage-but-set-stage-for-short-term-turbulence/ https://earlybirdsinvest.com/bitcoins-8-correction-flushed-leverage-but-set-stage-for-short-term-turbulence/#respond Tue, 03 Jun 2025 00:08:25 +0000 https://earlybirdsinvest.com/bitcoins-8-correction-flushed-leverage-but-set-stage-for-short-term-turbulence/

Bitcoin (BTC) dropped nearly 8% from its May 22 all-time high, near $112,000, ending a 50% climb over 45 days that began on April 7, when BTC reached its yearly low at $74,441.20.

According to the June 2 “Bitfinex Alpha” report, a Court of Appeal decision reinstating disputed US import tariffs pushed 30-year Treasury yields above 5% for the first time since 2009 and triggered broad risk-off moves. 

Foreshadowing turbulence

Spot Bitcoin exchange-traded funds (ETFs) highlighted this movement. Investors added $6.2 billion in Bitcoin exposure through these investment vehicles in the first four weeks of May while withdrawing $2.7 billion from gold ETFs, according to Bloomberg Intelligence. 

However, BlackRock’s IBIT registered its highest daily outflow in history, shedding nearly $431 million on May 30, according to Farside Investors’ data. The total outflows on the same day surpassed $616 million, the highest level since Feb. 26.

The report noted that realized gains accelerated last week, and the Relative Unrealised Profit indicator moved beyond its plus-two-standard-deviation band. 

Only 16% of Bitcoin’s trading history shows the gauge at such heights. Past occurrences coincided with brief spikes in volatility as holders crystallized gains. 

Elevated profitability increases sell pressure, forcing spot demand to absorb redistributed coins and maintain the uptrend.

Correction cooled overheating derivatives

At the same time, perpetual futures open interest swelled into Bitcoin’s all-time-high breakout, and now contracts as leveraged longs unwind. 

Options open interest peaked at $49.4 billion, about $6 billion above January’s high, before the May 29 expiry trimmed the figure to roughly $39 billion. 

The report linked the surge to expanding institutional activity, noting that large derivatives books can amplify price swings when macro liquidity tightens.

The report concluded that the pullback removed excess leverage, aligned supply with organic bids, and reset funding conditions across futures and options. This creates a healthier scenario for an upward movement.

However, on-chain metrics suggest turbulence in the short term, while Bitcoin trades just 6.5% below its all-time high.

Bitcoin Market Data

At the time of press 11:03 pm UTC on Jun. 2, 2025, Bitcoin is ranked #1 by market cap and the price is down 0.52% over the past 24 hours. Bitcoin has a market capitalization of $2.09 trillion with a 24-hour trading volume of $44.53 billion. Learn more about Bitcoin ›

Crypto Market Summary

At the time of press 11:03 pm UTC on Jun. 2, 2025, the total crypto market is valued at at $3.29 trillion with a 24-hour volume of $102.01 billion. Bitcoin dominance is currently at 63.34%. Learn more about the crypto market ›

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]]> https://earlybirdsinvest.com/bitcoins-8-correction-flushed-leverage-but-set-stage-for-short-term-turbulence/feed/ 0 39786 MELANIA token hits turbulence as developers allegedly offload $18 million in tokens https://earlybirdsinvest.com/melania-token-hits-turbulence-as-developers-allegedly-offload-18-million-in-tokens/ https://earlybirdsinvest.com/melania-token-hits-turbulence-as-developers-allegedly-offload-18-million-in-tokens/#respond Fri, 25 Apr 2025 16:58:51 +0000 https://earlybirdsinvest.com/melania-token-hits-turbulence-as-developers-allegedly-offload-18-million-in-tokens/

The MELANIA token, a memecoin linked to US First Lady Melania Trump, is under scrutiny after blockchain data suggested that its developers may be behind a series of major sell-offs.

According to blockchain analyst EmberCN, the project’s team has allegedly offloaded over 31 million tokens over the past month, raising concerns about insider-driven activity.

Since March 16, wallet addresses associated with the MELANIA project have reportedly moved 31.685 million tokens from community and liquidity pools. These were converted into 138,800 SOL, worth around $18.4 million at the time of the transactions.

MELANIA Token Sales
MELANIA Token Sales (Source: X/EmberCN)

EmberCN revealed that the token sales were executed through a method known as unilateral liquidity provisioning. This approach allows sellers to convert tokens into crypto, often without requiring a buyer on the other end.

Meanwhile, the actions appear to have put significant downward pressure on the token’s value.

According to CryptoSlate’s data, MELANIA, which peaked at over $13 after its launch earlier this year, dropped more than 96% to an all-time low of $0.38 on April 20.

Despite the dramatic drop, MELANIA has shown a slight rebound. As of press time, the token’s price has recovered around 14%, trading at approximately $0.5223.

]]> https://earlybirdsinvest.com/melania-token-hits-turbulence-as-developers-allegedly-offload-18-million-in-tokens/feed/ 0 32794 ECB official claims Trump’s pro-crypto stance could trigger financial turbulence https://earlybirdsinvest.com/ecb-official-claims-trumps-pro-crypto-stance-could-trigger-financial-turbulence/ https://earlybirdsinvest.com/ecb-official-claims-trumps-pro-crypto-stance-could-trigger-financial-turbulence/#respond Mon, 17 Mar 2025 20:07:17 +0000 https://earlybirdsinvest.com/ecb-official-claims-trumps-pro-crypto-stance-could-trigger-financial-turbulence/

A senior European Central Bank (ECB) official said that President Donald Trump’s aggressive push for crypto adoption could fuel financial instability and urged EU policymakers to strengthen their regulatory stance to mitigate potential fallout.

François Villeroy de Galhau, Governor of the Bank of France and a member of the ECB’s Governing Council, said in an interview with French news outlet La Tribune Dimanche that the US “risks sinning through negligence” by prioritizing crypto-friendly policies without adequate oversight.

He argued that by “encouraging crypto assets and non-bank finance,” the US is “sowing the seeds of future upheavals,” adding that financial crises have historically “often originated in the United States and spread to the rest of the world.”

Villeroy de Galhau’s comments reflect a growing concern among European regulators over Trump’s pivot toward digital assets. Since returning to office, the Trump administration has taken a series of steps to integrate crypto into the financial system.

These include signing an executive order establishing a Strategic Bitcoin Reserve, forming a Presidential Working Group on digital assets, and pushing for legislative reforms that would roll back Biden-era restrictions on crypto banking.

ECB’s growing criticism

The ECB has repeatedly cautioned against the risks of a pro-crypto economic policy, warning that a lack of regulatory safeguards could trigger market turbulence. In a report last year, the central bank criticized the speculative nature of crypto, labeling them as “highly volatile and unsuitable as a reliable form of money.”

ECB President Christine Lagarde has also been vocal about the dangers of large-scale crypto adoption, previously describing Bitcoin as “a speculative asset with no intrinsic value” and cautioning that unregulated digital assets could undermine financial stability.

Earlier this year, the ECB announced a two-phase initiative to develop blockchain-based settlements, signaling its preference for a controlled, state-backed approach to digital assets. The plan includes establishing central bank digital currency (CBDC) called the digital euro, which the bank argues would provide a safer alternative to privately issued cryptocurrencies.

Despite Trump’s pro-crypto stance, financial markets have responded with volatility. Bitcoin recently tumbled below $80,000 — down over 25% from its January high of $109,000 — amid investor uncertainty over US economic policies. Equities have also taken a hit, with the S&P 500 falling more than 10% from its February peak after Trump threatened to impose 200% tariffs on European spirits.

Europe bracing for economic impact

Villeroy de Galhau urged European leaders to “strengthen their negotiating position” against the U.S., arguing that Trump’s economic policies are based on a “false vision” of the global economy as a zero-sum game. He warned that Europe should not be complacent in the face of Washington’s shifting financial landscape.

As the ECB moves forward with its digital payments infrastructure, European regulators appear to be positioning themselves as a counterbalance to the US’ deregulated approach. The divide highlights a fundamental clash in financial philosophy — one that could shape the future of global markets.

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XRP Turbo
]]> https://earlybirdsinvest.com/ecb-official-claims-trumps-pro-crypto-stance-could-trigger-financial-turbulence/feed/ 0 25699 XRP Price Tumbles Amid Crypto Market Turbulence: Buy the Dip? https://earlybirdsinvest.com/xrp-price-tumbles-amid-crypto-market-turbulence-buy-the-dip/ https://earlybirdsinvest.com/xrp-price-tumbles-amid-crypto-market-turbulence-buy-the-dip/#respond Thu, 13 Feb 2025 08:44:40 +0000 https://earlybirdsinvest.com/xrp-price-tumbles-amid-crypto-market-turbulence-buy-the-dip/

XRP price pulled back on Monday, shedding some of the gains made in the previous trading sessions amid a dip in crypto prices. At the time of writing, XRP was trading 5.75% lower at $0.6230. The asset’s total market cap crashed by more than 5% over the last day to $33.7 billion, ranking it 5th after Binance Coin. On the other hand, the total volume of the XRP token traded over the same period climbed 18% higher, suggesting either an increase in selling or buying pressure.

Fundamentals

XRP price plummeted on Monday, hitting an intraday low at the crucial support level of $0.600, leaving the XRP community in suspense about whether to panic or seize the opportunity. Data by CoinGlass has revealed that the recent downturn in the XRP price has resulted in a staggering $5.55 million in liquidations for long XRP positions. This constitutes 97.7% of both long and short liquidations over the past 12 hours.

The recent weakness in the crypto market outlook has been among the key factors in XRP’s decline. Data by Coinmarketcap shows that the global crypto market cap has decreased by 3.20% over the last day, while the total crypto market volume jumped by more than 45% over the same period. The Crypto Fear and Greed Index, which measures the crypto sentiment by market participants, has slightly declined from an extreme greed level of 83 to 80, suggesting that the risk appetite among investors is slowly declining.

All eyes remain fixated on the upcoming key inflation data and the US Federal Reserve’s last monetary policy meeting for the year. According to the CME FedWatch Tool, markets are anticipating a 98.4% chance that the Fed will keep interest rates on hold at its meeting later this week. Beyond the Fed, interest rate decisions by the Bank of England, Swiss National Bank, and the European Central Bank are slated for this week, with all three banks likely to signal higher-for-longer interest rates.

XRP Price Analysis

The daily chart shows that the XRP price has been struggling to maintain its position above the critical support level of $0.600. The altcoin briefly dropped below the 50-day exponential moving average before moving slightly higher. XRP remains above the 100-day and 200-day simple moving averages. Its Relative Strength Index (RSI) has dipped below the signal line and the neutral zone, revealing an increase in selling pressure.

As such, the XRP price is likely to continue struggling to find direction in the ensuing sessions as bears eye the support of $0.600. A decline below this level might push the XRP price lower to the next support at $5,535. Conversely, we cannot rule out a breakout above the immediate resistance at $0.700 which will invalidate the bearish thesis.

XRP Price Chart

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