Crypto Whales Shorting Bitcoin, XRP, DOGE, and PEPE Ahead of Key Speech
- Whale Bitcoin short position increased to $492 million with a floating profit of $9 million.
- The ‘Trump Insider Whale’ holds $98 million in shorts across Dogecoin, Ethereum, Pepe Coin, and XRP.
- XRP price fell nearly 2% to $2.53, with trading volume down by 17% in the last day.
- DOGE price decreased over 1% to $0.206, approaching the critical support level at its 200-day moving average.
- Whale activity suggests anticipation of a market downturn or profit-taking ahead of FED Chair Jerome Powell’s speech.
Crypto whales are positioning themselves for potential market volatility as they short major cryptocurrencies like XRP and Dogecoin. The upcoming speech from the Federal Reserve Chair is expected to influence market sentiment significantly.
With whale shorts totaling $492 million on Bitcoin alone, traders are closely monitoring developments that could impact prices significantly today.
