Gold price is less than 2 percent from its all-time high amid volatile geopolitical tensions.
On-chain data shows that the Bitcoin network has experienced a renewed demand from institutional investors.
Gold (XAU) price gained nearly 3 percent in the past 24 hours to trade at about $3,424 per ounce on Tuesday, May 6, during the mid-Northern American session. The top-tier precious metal extended its gains on Tuesday as India launched a military offensive attack against Pakistan following a recent terror attack.
The demand for Gold by global central banks continued to increase as the U.S. dollar weakened against major currencies led by the Pound, Japanese yen, and the EUR. Furthermore, the ongoing global trade negotiations have heavily impacted the equity markets, led by the United States stocks.
Gold Price Eyes Parabolic Rally
From a technical analysis standpoint, Gold price is on the verge of experiencing a parabolic rally potentially akin to the 1979 rally. If the global demand for Gold continues in the coming months, the precious metal will likely rally beyond $4k per OZ before the end of 2025z
Expected Impact on Bitcoin Price
The notable rally for Gold price elated Bitcoin bulls, as the flagship coin surged nearly 1 percent to trade at about $94.6k at the time of this writing. Ahead of Wednesday’s Federal Funds Rate and the FOMC statement, Bitcoin price has experienced heightened volatility.
$500K+ $BTC this bull market is more realistic than it sounds.
The current total market cap for GOLD is $22.6 Trillion.
Ultimately, the cash rotation from gold to Bitcoin by institutional investors will catalyze the much anticipated parabolic rally for BTC and the wider crypto market in the near future. Moreover, institutional investors – led by Strategy, and BlackRock – have relentlessly accumulated Bitcoin in the recent past.
Additionally, Bitcoin Futures Open Interest (OI) has gradually increased in the past few weeks to about $63 billion at the time of this writing.
Amid Bitcoin’s recent struggle to stabilize above the critical $105,000 price level, on-chain data has revealed a trend.
The total circulating supply held by short-term holders (STHs) has surged significantly over the past few days, a signal that historically leans bearish for the coin’s near-term price action.
BTC Under Pressure as Weak Hands Accumulate
According to Glassnode, the total supply of coins held by BTC STHs plunged to a year-to-date low of 2.24 million coins on June 22 and has since rebounded strongly. At 2.31 million, these newer or more reactive investors, typically called “weak hands” or “paper hands,” have bought 70,000 coins.
BTC Total Supply Held by Short-Term Holders. Source: Glassnode
STHs are investors who have held their coins for less than 155 days. The group is historically known for being more sensitive to price fluctuations. Therefore, when their accumulation spikes, an asset is at risk because they will likely exit the market quickly at the first sign of uncertainty, amplifying volatility.
Additionally, data from Glassnode confirms that this trend occurs alongside a slight reduction in holdings by Long-Term Holders (LTHs). According to the data provider, their total supply holdings have dipped by 0.13%.
BTC Total Supply Held by Long-Term Holders. Source: Glassnode
As these investors offload some of their coins, the market’s underlying support may weaken. This makes BTC more susceptible to sharp price swings in the near term.
BTC Struggles Under Bearish Weight
The lengthening red bars of BTC’s BBTrend reflect the steady buildup in bearish pressure. This consistent growth signals that sellers are gradually regaining market control, with downward momentum intensifying.
The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When it returns red bars, the asset’s price consistently closes near the lower Bollinger Band, reflecting sustained selling pressure and hinting at the potential for further downside.
If this continues, the coin could extend its decline and plummet to $104,709.
Billy Markus, the co-creator of Dogecoin (DOGE), known online as Shibetoshi Nakamoto, has stirred the crypto community again with a warning that’s equal parts joke and insight. This time, he linked a potential market crash to the real estate website Zillow.
While it may sound ridiculous on the surface, Markus’s posts often mix humor with sharp observations. And during a hot crypto bull run, his latest comments are getting noticed.
A Zillow Search = Crypto Crash?
In a recent X post, Markus jokingly warned investors to steer clear of Zillow, claiming it could instantly crash crypto prices. “All crashes are cuz someone opened Zillow,” he tweeted, poking fun at studies suggesting real estate price spikes often coincide with crypto market dips.
remember, no matter how high crypto goes, don’t open zillow, it’ll cause an instant crash
The tweet is clearly sarcastic, but it plays on a real trend – studies have pointed out that rising real estate prices sometimes coincide with dips in crypto markets. So while Markus was joking, he’s also hinting at the unpredictable connections between traditional markets and digital assets.
He also added: “Crypto should go up 8% every day imo,” keeping the tone light while reflecting on the ongoing bullish momentum in the market.
Shibetoshi’s Top 4 Crypto Picks
Alongside the Zillow joke, Markus also revealed his four favorite cryptocurrencies — something fans have been asking him about for a while.
Here’s what made the cut:
Bitcoin (BTC) – He calls it “the OG,” recognizing its legacy and dominance.
Ethereum (ETH) – He holds a small amount and considers it strong tech.
Dogecoin (DOGE) – Of course, because “I made it.”
Avalanche (AVAX) – His choice tied to his love for blockchain-based games.
Markus revealed owning 0.006 BTC back in 2024. However, this small fraction of Bitcoin is now worth about $712.63 today, showing the latter’s fair stake in the crypto game. His clarity and humor make him a unique voice in the space.
Final Thoughts
Markus is known for using humor to make a point, and his recent posts are no exception. The Zillow comment may seem like a joke, but it taps into a bigger truth about the unpredictable nature of crypto and how outside factors, like the real estate market, can sometimes have unexpected ripple effects.
Whether you’re a DOGE fan or not, Markus’s posts are a reminder to stay grounded, think critically, and not take every bull run at face value.
The post Dogecoin Founder Issues Mock Crypto Crash Alert, Blames Zillow appeared first on Coinpedia Fintech News
Billy Markus, the co-creator of Dogecoin (DOGE), known online as Shibetoshi Nakamoto, has stirred the crypto community again with a warning that’s equal parts joke and insight. This time, he linked a potential market crash to the real estate website Zillow. While it may sound ridiculous on the surface, Markus’s posts often mix humor with …
XRP price holds at $2.08 as Trump eyes Powell’s removal; traders brace for volatility while Bitcoin eyes $110K breakout.
XRP Price Stagnates at $2.08 as Trump–Fed Sparks Bitcoin Predictions
Ripple’s XRP is trading at $2.08, hovering just above key support, as crypto markets weigh the geopolitical fallout from a potential shake-up at the U.S. Federal Reserve.
According to Reuters, White House economic adviser Kevin Hassett has confirmed that President Donald Trump is actively considering the removal of Fed Chair Jerome Powell, a development that could destabilize traditional financial markets while sending Bitcoin surging past $110,000.
The political implications are profound. Firing the Fed chair would challenge the independence of the central bank, undermining global confidence in U.S. monetary policy and spurring volatility across risk assets.
Yet. this could ignite a bullish breakout for crypto. Bitcoin’s narrative as a non-sovereign hedge would gain momentum, propelling mega-cap altcoins like XRP into a breakout rally.
If Bitcoin does breach the $110,000 level in response to this political shock, XRP is likely to post a 30% to 40% rally, targeting:
$2.21–$2.22 (EMA confluence)
$2.30 (major liquidation zone)
$2.45 (next resistance level)
A confirmed BTC breakout above $110K would likely catalyze a Ripple price rally toward $2.75, with a final upside projection at $3.10, assuming elevated risk appetite and sustained altcoin rotation.
Derivatives Markets Show Bearish Bias From Strategic Investors
Despite the potentially bullish setup, XRP derivatives data paints a more cautious picture. While retail sentiment appears optimistic, strategic players are hedging or even scaling back exposure amid rising macro uncertainty.
Over the last 24 hours:
XRP derivatives volume dropped -23.42% to $2.97 billion, signaling that traders are stepping aside.
Open interest dipped -0.42%, hinting at reduced conviction.
Options volume collapsed -61.64%, suggesting institutions are retreating from volatility-heavy positions.
In contrast, options open interest climbed +31.16%, a sign that traders are buying protection, likely bracing for volatility rather than betting on upside.
The 24-hour long/short ratio stands at 0.9826, indicating a near-even split between bullish and bearish bets—an uncommon dynamic during genuine bull trends.
Ripple (XRP) Derivatives Trading Data | Source: Coinglass
A closer look at major exchanges reveals the divergence between retail and institutional sentiment:
On Binance, the XRP/USDT long/short ratio currently trends at 2.076, while on OKX, the ratio stands at 1.66—both indicating that retail traders remain decisively net-long on XRP.
However, when analyzing top trader behavior on Binance, a more cautious tone emerges. The long/short ratio by accounts is 1.9334, while the ratio by positions drops to 1.2435, suggesting that larger investors p are taking a more defensive stance, potentially cutting down on leverage exposure in anticipation of volatility.
Meanwhile, liquidation metrics further highlight the weakening of bullish momentum. In the past 24 hours, long positions absorbed $432.340 in liquidations, compared to just $312,330 on the short side—a sign that optimistic bets are being unwound more aggressively.
Across all major timeframes—1h, 4h, 12h, and 24h—shorts have consistently endured less liquidation pain than longs, further reinforcing the narrative that bearish positions are either better timed or quietly building strength for a major price downswing
Conclusion
While the political drama around Powell’s potential removal could supercharge the crypto narrative—sending Bitcoin toward $110K and XRP to $3.10—institutional traders are not buying in blindly.
Derivatives markets reflect anxiety, risk hedging, and early positioning for volatility. The bullish path for XRP remains viable if prices remain above $2—but macro instability could make traders hesitant to enter new positions.
