Bitcoin News Update: XRP's Death Cross and BTC Short Positions Trigger Bearish Market Downturn

An influential crypto trader linked to Roobet and Stake.com has recently closed a lucrative short position in

and has notably increased his bearish stance on , indicating rising turbulence in the digital asset market. Data from blockchain analytics provider Lookonchain reveals that wallet address 0x7B7b realized a $945,000 gain from the XRP trade before boosting his BTC short to 2,222 BTC, which is worth about $224.5 million at current market rates, . This action highlights the growing impact of leveraged trading on market trends, especially as both XRP and BTC encounter renewed downward momentum.

XRP has been under intense pressure, with its price dropping 6% to $2.25 amid a broader downturn in the crypto sector. The overall market cap fell by more than 4% to $3.45 trillion on November 4, 2025, as Bitcoin slipped below $104,000 and alternative coins continued to lag,

. Technical analysis for XRP shows a bearish outlook: the token was unable to maintain key resistance between $2.68 and $2.84 and is now challenging crucial support near $2.00. Experts caution that a drop below this level could speed up losses toward $1.72, while Bitcoin’s market share climbs above 60% as investors move away from smaller tokens, as Coinpedia observed.

Adding to the negative sentiment, XRP has recently formed a rare "death cross" against Bitcoin, with its 50-day moving average falling below the 200-day average at around 0.00002380 BTC,

. Historical data suggests this pattern could push the pair down to the 0.00002050–0.00001950 BTC range, which would equate to $2.26–$2.33 if Bitcoin stays near $101,000. Bulls would need to push the price above 0.00002384 BTC to counter the bearish trend and target $2.75.

At the same time, the whale’s larger BTC short position introduces additional risk. With 2,222 BTC at stake, this trader’s moves could intensify selling pressure on Bitcoin, particularly if economic or regulatory worries grow. Analysts are watching support zones between $90,000 and $95,000, which could become crucial if the short triggers widespread liquidations, as previously reported.

In a different development, OKX has rolled out a price stabilization feature for its Real-World Asset (RWA) token index to help manage volatility. Starting November 6, the platform will restrict index prices to within 10% of the actual asset values, using XAUT/USD as a benchmark,

. This initiative is designed to create a more stable trading environment for RWA-based tokens, though it remains uncertain if similar measures will be applied to more volatile coins like XRP or BTC.

These recent events underscore the current market’s vulnerability. The technical breakdown in XRP, together with aggressive shorting by major traders, is fueling a feedback loop of selling. Still, some bulls are hopeful that a sustained move above $2.50 could spark a reversal, though this would require a notable change in market sentiment.