Bitcoin’s beloved gold ratio? Yeah, it’s basically had a meltdown. 🤯 The BTC/gold ratio just poofed through a support line that held for years. Bloomberg’s Mike McGlone says this isn’t a hiccup-it’s a red flag waving like a drunken flamingo. If it hits 13x, that’s a 30% crash. Yikes, even Warren Buffett would throw his hands up. 📉🔥
- Key signal: The 25x floor? Gone. Poof. Like your savings after a Black Friday splurge. 💸
Bloomberg’s internal indexes? They’re rolling over like a toddler in a naptime revolt. Equity-volatility overlays? Also slumping. McGlone sums it up: “Risk buying is fading, not rotating.” Translation: Run for the hills. 🐎💨
Shiba Inu’s Burn Rate: From Zero to Hero (or Zeros)
Shiba Inu (SHIB) just went from “meh” to “WOW” in 48 hours. Its burn rate? A staggering 23,864% spike. That’s like burning your entire Netflix queue in one go. 🔥
- Massive burn spike: 16.6 million SHIB destroyed. Because who needs tokens when you can send them to dead wallets? 🪦
Shibburn tracked the carnage, reducing circulating supply to a number so big it makes your calculator weep. But hey, 17 million tokens burned out of trillions? It’s like trying to drown a whale with a teaspoon. 🐋🍵
XRP’s Descent Into Madness
XRP hit $1.98 today, ignoring the Bitwise ETF’s flashy debut like it was an ex who still thinks you’ll take him back. 💔
- Sharp decline: Down 16% in a week. That’s not a drop-it’s a nosedive. 🛫
The Fed’s rate-cut hopes? Gone. XRP’s ETFs? Volume partying hard but price? Not even showing up. Bitwise’s ETF hit $22M in volume, but the token’s still stuck in a loop of “I’m here, I’m here, I’m here.” 🎭
- XRP price: ETFs are the crypto version of a group chat-everyone’s there, but nobody’s listening. 🚨
Other XRP ETFs? Same story. Volume’s up, but prices? Still waiting for their invite to the party. 🎉
Remember, folks-crypto’s just a rollercoaster that forgot it was a rollercoaster. Buckle up! 🎢💸
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2025-11-21 22:28