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Crypto Coach Publicly Buys XRP Dip, Says RED is Were Wealth is Built

Abdulkarim Abdulwahab
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Crypto Coach Publicly Buys XRP Dip, Says RED is Were Wealth is Built

Widely followed market commentator Coach JV has publicly disclosed buying more XRP during the latest market sell-off.

This comes as prices slid to around $1.11 amid heavy red candles across the broader crypto market. JV’s posts stood out as many traders remain cautious, with XRP down sharply from recent highs and overall sentiment leaning toward fear.

Key Points

  • Coach JV disclosed buying XRP as prices dipped to around $1.11 amid a broader market sell-off.

  • He confirmed two separate dip buys, citing dollar-cost averaging during periods of fear.

  • Some community members questioned the small position sizes despite JV’s millionaire status.

  • XRP’s sharp pullback highlights how some investors favor gradual accumulation over timing bottoms.

Coach JV Confirms First Dip Buy as Market Turns Red

At 12:18 PM UTC yesterday, Coach JV revealed on X that he added to his positions across multiple assets, including XRP.

He described the market as “bleeding red” and said he was dollar-cost averaging on the way down, emphasizing that conviction matters during drawdowns. JV noted that he was being transparent about his actions and encouraged followers to make their own decisions.

Screenshots shared alongside the post showed:

  • $2,000 in Bitcoin, receiving 0.028 BTC
  • $2,000 in XRP, totaling 1,443.77 XRP
  • $1,000 in WLFI, totaling 7,880 WLFI

Notably, this disclosure suggests he entered XRP when the token was trading at $1.38.

Second Buy Follows as XRP Extends Losses

Later in the day, at 4:47 PM UTC, JV confirmed a second round of purchases as prices continued to dip. He reiterated his long-held view that wealth is built during periods of fear, again stressing transparency rather than signaling or providing advice.

The second screenshot showed:

  • $1,500 in Bitcoin, receiving 0.022 BTC
  • $1,000 in XRP, totaling 764 XRP
  • $500 in WLFI, totaling 4,047 WLFI

Community Questions the Size of the Buys

Meanwhile, not everyone was convinced. X user @erichardson questioned why JV, who is often described as a millionaire, would invest relatively small amounts during what he framed as a prime buying opportunity.

The commenter suggested that JV expects further downside ahead and described the current market environment as “a dark winter.”

“I think you know the red is still coming. Just be real with us,” he said.

Coach JV: It’s Just a DCA Strategy

In response, JV argued that deploying all capital at once makes little sense in a falling market. As an example, he pointed out that his earlier Bitcoin purchase occurred at around $71,000, while BTC later dropped to $66,000. This allows him to buy again at a lower level.

According to JV, dollar-cost averaging on both the way down and the way up reduces regret and improves long-term positioning.

XRP at $1.11 Keeps Dip Buyers Active

Coach JV’s disclosures come as XRP trades near $1.11, down roughly 26% over the past 24 hours and 32% over the past week, marking one of its sharpest pullbacks since its July peak of $3.66.

While uncertainty remains high, public dip-buying by prominent commentators highlights how some investors are choosing gradual accumulation over trying to time an exact market bottom.

Why XRP Dumping Harder Than Others: Pundit Explains

Abdulkarim Abdulwahab
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Why XRP Dumping Harder Than Others: Pundit Explains

Expert commentaries suggest XRP may be dumping harder than other crypto assets because it represents the biggest threat to Bitcoin and Ethereum.

Notably, while the ongoing downtrend has impacted the broader crypto market, XRP appears to be witnessing deeper losses than most crypto assets. Specifically, this week, XRP has declined 13.31%. While it has held up better than Ethereum (-15%), it sees steeper declines than BNB (-12%) and Cardano (-8%).

XRP now battles the bears at the $1.3 support after losing $1.5 and $1.4 in one fell swoop. Interestingly, recent commentaries suggest that XRP has performed worse than other assets because it represents the biggest threat to Bitcoin and Ethereum, and large whales are looking to “tear it down.”

Key Points

  • The ongoing downtrend has impacted the broader crypto market, leading to $311 billion in lost capital just yesterday.
  • Amid the broader decline, XRP has seen some of the biggest losses, shedding $18 billion yesterday, the largest intraday drop in valuation since Oct. 10, 2025.
  • As XRP falls harder than most assets, recent commentaries suggest the asset may be facing a coordinated attack from large whales.
  • The rationale behind this is the theory that XRP could represent the biggest threat to Bitcoin and Ethereum’s market dominance.

XRP Suffers Some of the Biggest Losses

Vincent Van Code, a software engineer and XRP community figure, shared this argument during his latest commentary on the last market drop. For context, XRP has since relinquished the $1.6, $1.5 and $1.4 support levels, battling to maintain a position above $1.4.

As the crypto market lost $311 billion on Thursday, Feb. 5, Bitcoin expectedly contributed the most to this figure, losing $206 billion. Meanwhile, XRP saw steeper losses than most of the market. While XRP’s market cap declined by $18 billion, BNB saw a lesser $12 billion loss despite being larger than XRP. Meanwhile, Cardano lost just $1.48 billion.

Today, XRP holds a market cap of $82.7 billion due to the recent losses, after slipping below the $100 billion mark on Feb. 1. Since the July peak of $216 billion, XRP has lost $133 billion amid this downtrend, as it records some of the highest losses.

XRP “Threatens” Bitcoin and Ethereum

In his latest commentary, Van Code suggested that XRP’s declines could be the result of a coordinated attack on the crypto asset, leading to the steeper losses. According to him, XRP represents the main game they are looking to tear down.

Van Code argued that these coordinated attacks have emerged because XRP may be the biggest threat to Bitcoin and Ethereum. He insisted that large whales are aware of this, and have deployed capital to keep its price suppressed amid the ongoing broader market downturn.

Van Code demonstrated this in a separate comment in which he highlighted a sharp decline in the XRP/BTC pair. According to him, this decline was due to Bitcoin whales pulling out capital from XRP in a coordinated manner. He called this pure manipulation, but noted that it was costing them a lot.

XRPBTC on Binance
XRPBTC on Binance

The market commentator alleged that Binance founder Changpeng “CZ” Zhao and other whales hold a vested interest in Bitcoin and would not want any threat to the asset’s standing. However, it is important to note that CZ confirmed last year that most of his portfolio, about 98.5%, is in BNB, with just 1.3% in Bitcoin.

Bitcoin Tribalism Under Scrutiny

Despite this, Van Code argues that CZ and other large crypto investors would want BTC to maintain its dominance. However, he suggested that XRP is slowly “chipping away,” projecting that its success is imminent. “I do believe there is space for multi-chain, but the BTC tribalism is toxic,” he concluded, insisting that this is not different from what Jeffrey Epstein did. However, these comments from Van Code remain speculative with no confirmation.

Interestingly, recently-released documents from the controversial Epstein files confirmed that Blockstream co-founder Austin Hill told Jeffrey Epstein in 2014 that tokens like XRP and XLM were “bad for the ecosystem.” Responding to this revelation, former Ripple CTO David Schwartz suggested that Hill saw XRP and XLM supporters as enemies.

Binance Founder Tweets ‘Poor Again’ as Bitcoin Revisits $60,000

Zabi
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Binance Founder Tweets ‘Poor Again’ as Bitcoin Revisits $60,000

Changpeng Zhao revisits a familiar phrase during another deep Bitcoin correction, while rejecting claims that Binance fueled the market slide.

Key Points

  • Changpeng Zhao tweeted “Poor again,” referencing his 2022 post to highlight Bitcoin’s cyclical volatility, not his personal wealth. 
  • Bitcoin has dropped roughly 50% from its October 6, 2025, peak of $126,080, trading near $64,731. 
  • The cryptocurrency lost more than 20% in the past week amid tightening liquidity and macroeconomic pressures. 
  • Zhao rejected claims that Binance sold Bitcoin to trigger the price decline, attributing the movements to user withdrawals.

“Poor Again”

As Bitcoin prices slid sharply in recent days, the Binance founder drew attention with a short but pointed post on X. “Poor again,” Zhao wrote, reviving a phrase he had used during previous market downturns.

The remark was deliberately nostalgic. Zhao linked it directly to a January 2022 post, when Bitcoin fell from roughly $67,000 to near $30,000 before eventually rebounding. By invoking that episode, he framed his comment as a reflection on crypto’s cyclical nature rather than a literal statement about his wealth.

This historical reference immediately prompted comparisons across the crypto community. Indeed, observers noted that both statements followed strong rallies and surfaced during periods of heightened volatility.

Bitcoin Retreats Sharply from October Peak

For context, Bitcoin reached an all-time high of $126,080 on October 6, 2025, but has since lost roughly half its value.

At the time of writing, the world’s largest cryptocurrency was trading near $64,731 after touching $60,000 earlier today. The downturn has accelerated, with prices falling more than 20% over the past week alone. The speed of the decline has unsettled traders already grappling with tightening liquidity and broader macroeconomic pressures.

Against this backdrop, Zhao’s remarks struck many as a reminder that sharp reversals have long been part of Bitcoin’s history.

Zhao Pushes Back on Selloff Claims

As the market slid, speculation intensified around the causes of the downturn. Earlier in the week, Zhao addressed what he described as exaggerated and misleading narratives aimed at both himself and Binance.

In a post on X, he rejected claims that Binance had sold Bitcoin to trigger a drop below $75,000. Zhao said changes in the exchange’s wallet balances reflect user withdrawals, not proprietary trading. According to his explanation, the Bitcoin involved belonged to customers using the platform.

Supercycle Debate and SAFU Scrutiny Resurface

Zhao also revisited criticism related to the long-discussed crypto “supercycle”. Some commentators argued that his earlier remarks had weakened confidence in the idea. However, Zhao clarified that he had only said he was less certain than before, not that the thesis was invalid.

At the same time, he defended Binance’s handling of its Secure Asset Fund for Users (SAFU). Zhao said the exchange plans to shift SAFU holdings from stablecoins into Bitcoin over a 30-day timeframe, with purchases executed gradually through centralized markets. He pointed to Binance’s liquidity as a key factor in that approach.

These explanations came amid sustained scrutiny of Binance’s influence on market dynamics.

Flash Crash Fallout Keeps Binance in Focus

The debate has been further shaped by lingering concerns over the October 10 flash crash. That sudden market move wiped out about $19 billion in leveraged positions and strained liquidity in the crypto market.

Some industry figures continue to assign blame. Star Xu, founder of rival exchange OKX, has publicly accused Binance of contributing to the crash. Nevertheless, Zhao has maintained that broader market dynamics and user-driven activity were at play.

Taken together, Zhao’s comments highlight the tension between short-term turbulence and long-term perspective in crypto markets. By pointing back to the 2022 downturn and its eventual recovery, he suggested that severe corrections are not anomalies but recurring features of Bitcoin’s evolution.

What Could Follow Amid Brutal Shiba Inu Death Cross Confirmation

Elendu Benedict
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What Could Follow Amid Brutal Shiba Inu Death Cross Confirmation

Shiba Inu faces renewed price pressure as massive liquidation and a brutal death cross fuel the prospect of further price declines.

Notably, Shiba Inu has printed another bearish indicator, this time on lower timeframes. This comes as the token remained under pressure following a broader weakness.

Despite a 4% rebound today, the SHIB remains well within bearish territory, having recorded its third straight day of decline on Thursday. Meanwhile, yesterday’s 15% crash sparked a massive liquidation spree over the past 24 hours.

Key Points

  • Shiba Inu faces renewed price pressure as massive liquidation and a brutal death cross fuel the prospect of further price declines.
  • On the 30-minute chart, Shiba Inu confirmed a classic “death cross,” where the 50-period moving average drops below the 200-period moving average.
  • Typically, this setup reflects fading short-term momentum and often appears during extended selloffs.
  • Across the crypto sector, over $2.59 billion in liquidations occurred in the last 24 hours, with SHIB accounting for $1.07 million.
  • From a technical standpoint, SHIB still looks weak.

SHIB Death Cross Signals Short-Term Weakness

On the 30-minute chart, Shiba Inu confirmed a classic “death cross,” where the 50-period moving average dropped below the 200-period moving average. Typically, this setup reflects fading short-term momentum and often appears during extended selloffs.

Earlier on February 3, Shiba Inu showed rebound momentum, which pushed its 50-period MA briefly above the 200-period MA. However, the golden cross did not last long, as a death cross followed yesterday, indicating the ongoing correction could continue.

SHIB Death Cross
SHIB Death Cross

Notably, the earlier golden crossover formed as SHIB continued to print lower highs but was invalidated with SHIB’s Thursday lower lows, reinforcing the bearish structure. 

Although shorter time frames can produce false signals, the alignment with broader market weakness adds weight to the pattern. As a result, buyers may maintain caution until price action shows clear stabilization above key averages.

Liquidations Add to Selling Pressure

Meanwhile, derivatives markets show that forced position closure accelerated during the downturn. Across the crypto sector, over $2.59 billion in liquidations occurred within the past 24 hours, wrecking leveraged traders.

Long positions accounted for the bulk of the losses, with $2.14 billion wiped out, compared with $455.7 million in shorts. When bullish bets unwind this quickly, it often amplifies declines by creating tension in the market.

While Shiba Inu is not among the assets with the largest liquidation, traders also lost a considerable amount of money. In the past 24 hours, a total of $1.07 million in positions were liquidated, with bulls accounting for $982,360.

Shiba Inu Liquidation Stats/CoinGlass
Shiba Inu Liquidation Stats/CoinGlass

What Could Follow for Shiba Inu?

From a technical standpoint, SHIB still looks weak. Even though it has rebounded considerably today, it has failed to sustain this in recent instances. This eventually forms a lower high before the next leg down.

However, Shiba Inu trades near a key support level, and the current bounce might be bulls stepping in to defend the area. Notably, SHIB has never broken the current support level at around $0.0000051, highlighting its importance.

Therefore, while a short-lived bounce is positive, sustaining it remains key. Moreover, the broader market needs to stabilize for SHIB to have any chance of reversing the bearish trend. In the meantime, sellers continue to control the market’s direction, with Shiba Inu trading near $0.00000596.

XRP Still Above $1 Despite Hitting Its Most Oversold Level in History on the 1D, 1W, and 1M Charts

Mark Brennan
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XRP Still Above $1 Despite Hitting Its Most Oversold Level in History on the 1D, 1W, and 1M Charts

XRP has dropped to its most oversold level on the daily, weekly, and monthly charts amid the ongoing broader market downturn.

Interestingly, the recent development occurs while XRP has maintained a price above the psychologically important level of $1 despite the latest wave of bearish pressure. For context, the recent selloffs have led to the loss of $369 billion in the global crypto market cap, on track to mark the largest weekly loss since March 2025.

Amid this downturn, XRP has lost over $18 billion worth of market value this week, down nearly 19% within this period. Notably, prices have dipped below the $1.5 and $1.4 levels, now battling at $1.3. With the latest crash, XRP has now reached its most oversold level in history across the daily, weekly, and monthly timeframes.

Key Points

  • Crypto has witnessed another wave of bearish pressure, leading to the loss of $369 billion worth of valuation in the global market this week.
  • XRP contributed $18 billion to this loss, as its price drops below the $1.5 and $1.4 levels, now battling the bears at $1.3.
  • Amid the latest crash, XRP has now dropped to its most oversold level in history across multiple timeframes, leading to extremely low readings on momentum indicators.
  • These extreme readings often indicate that selling pressure is close to an end, and the market may be due for a rebound.

XRP Collapses Alongside the Broader Crypto Market

Market analyst CryptoBull first spotlighted this development as bears take full control of the market in what appears to be the steepest short-term decline since the 10/10 crash. Specifically, the global crypto market cap lost $311 billion in a single day yesterday, representing its largest intraday loss since Oct. 10, 2025, when $383 billion left the market.

This downturn impacted the entire market, with XRP dropping 19.71% yesterday, marking its steepest intraday decline in five years. For context, this intraday drop was larger than the Terra-led drop on May 11, 2022 (-19.14%), the FTX-inspired collapse on Nov. 9, 2022 (-18.21%), and the Oct. 10, 2025, crash (-15.41%).

XRP Hits Its Most Oversold Level in History

With this decline, XRP now battles the bears at the $1.3 support level, having lost the $1.4, $1.5, and $1.6 regions. Interestingly, CryptoBull found that the current downtrend has now pushed XRP to its most oversold level on the daily, weekly, and monthly charts. Notably, this would pertain to the RSI momentum indicator.

Specifically, the RSI on the daily chart has dropped to 17.07 on Thursday amid the 19.71% price crash, representing its lowest value in ten years. Meanwhile, on the weekly chart, the RSI dropped below 28, marking the lowest reading in XRP’s history. 

For the monthly timeframe, RSI dropped to 44, representing the lowest level in years. Crypto Bull called attention to the fact that these low RSI readings have emerged while XRP continues to hold above $1. Notably, if a rebound occurs from here, prices could reach new heights.

XRP 1M RSI
XRP 1M RSI

2-Week RSI Also Down

Interestingly, market analyst EGRAG Crypto confirmed that this trend also spilled into the 2-week timeframe, where XRP’s RSI dropped to its lowest level in history. According to EGRAG, such extreme readers typically indicate that the selling pressure that has dominated the market may be facing exhaustion.

XRP 2W RSI EGRAG Crypto
XRP 2W RSI | EGRAG Crypto

Generally, this trend indicates extreme overselling and heavy downside pressure. It often precedes a relief bounce or trend slowdown as sellers exhaust, but it can also reflect strong bearish momentum if broader market sentiment stays weak. According to EGRAG, the market structure would decide the next move, whether up or down.

Cardano Price Forecast for Feb 6: Here’s Key Level to Reclaim as ADA Falls Below Fib Extension

Mark Brennan
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Cardano Price Forecast for Feb 6: Here’s Key Level to Reclaim as ADA Falls Below Fib Extension

Cardano faces a critical resistance level at an important Fibonacci extension, as an expert analyst mentions crucial support areas.

Cardano (ADA) is experiencing a sharp 10.4% drop in the last 24 hours, with the price now hovering around $0.2503. The 24-hour trading range has remained between $0.2284 and $0.2825, highlighting the significant downward pressure on ADA. This performance is in stark resemblance to the broader crypto market, with Cardano’s performance over the past 7 days showing a 22.8% loss alongside a 30.5% decrease over the last 14 days.

Notably, compared to major market leaders like Bitcoin and Ethereum, ADA has underperformed, showing a 1.5% decline versus Bitcoin. This signals the persistent struggle for Cardano amid broader market declines. However, the question remains if Cardano finds its footing or if the bearish trend continues to dominate.

What’s Next for Cardano?

Cardano is currently experiencing downward pressure, with its price below the 0 Fibonacci extension level at around $0.34. This now marks a key resistance level for ADA, where buyers must reclaim for a surge upwards. If the price continues to hold below this level, further downside may emerge, with the $0.22 level acting as the next support zone.

Cardano Price Analysis
Cardano Price Analysis

The current Average True Range value of 0.02559 indicates accelerating volatility. This further suggests that ADA’s price action could continue to fluctuate within the established ranges unless the ATR becomes flat.

Cardano’s next significant hurdle remains the 0 extension at $0.3449. If ADA fails to reclaim the 0 extension, the bearish trend is likely to persist, and the price could continue to test lower levels.

If Cardano breaches this resistance, the next liquidity zones exist at $0.37 and $0.38, aligning with the 0.236 and 0.382 Fibonacci retracement levels, respectively. These levels have previously acted as resistance and would serve as crucial barriers for any potential upward trend.

Here are the next Cardano Support Levels

Analyst Ali Martinez has provided additional insights into Cardano’s key support levels, crucial for maintaining its price stability in the current market environment. The first level of support lies at $0.249.

Cardano Support Levels
Cardano Support Levels

If Cardano continues to face downward pressure, the next key support area would be around $0.115, followed by $0.053, which represents the lowest boundary. These levels could help determine if the downtrend persists or if ADA manages to stabilize.

On the resistance side, Cardano faces immediate challenges at the $0.543 level, an important hurdle for the coin’s price. A further resistance zone and final target exist at $1,183.

Dogecoin Price Prediction for Feb 6: Where Next as DOGE Reverses at Lower Bollinger Band Support?

Mark Brennan
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Dogecoin Price Prediction for Feb 6: Where Next as DOGE Reverses at Lower Bollinger Band Support?

Dogecoin attempts a reversal at key support, with analysts predicting potential long-term growth if it breaks through key resistance levels.

Dogecoin (DOGE) has been on a turbulent ride recently, with its price seeing a significant drop of 10.4% in the last 24 hours, now hovering around $0.0914. The crypto has faced notable declines, with a 22% loss in the past seven days and a 39% loss over the last month. It is also important to note that the Dogecoin market remains highly active, with a 24-hour trading volume of $6.55 billion in the futures scene.

However, the year-to-date performance shows a 22.32% drop, adding to concerns over its long-term prospects. Notably, Dogecoin’s futures market has been marked by a 2.21 long/short ratio on Binance DOGE/USDT accounts, while top trader long/short ratio accounts stand at 2.59. While this is bullish, traders will be looking to hold the support at $0.08 for a sustained recovery. Where is DOGE headed?

Where’s Dogecoin Headed?

Looking at Dogecoin’s daily chart, the price has recently fallen below the lower Bollinger Band support but is trying to close above it. This band at $0.09055 has historically acted as a strong support level.

However, Dogecoin is attempting to close above this level, suggesting that the bearish momentum may be weakening. If DOGE successfully closes above this support, the next resistance zone is near the middle Bollinger Band, which currently sits at $0.11565. 

Dogecoin 1-Day Chart Analysis
Dogecoin 1-Day Chart Analysis

Further, if the price can break above this level, it would shift the short-term market bias toward the upside, with the next major resistance lying at the upper Bollinger Band around $0.14027.

Meanwhile, the standard deviation indicator shows a value of 0.01231, which reflects Dogecoin’s price volatility over the last 20 periods. The relatively high value indicates that Dogecoin has been experiencing significant price swings. As the price attempts to close above the lower Bollinger Band, this volatility could decrease, providing an opportunity for Dogecoin to regain some upward momentum. 

Analyst Says Long-Term Target at $0.30

Elsewhere, analyst Crypto GVR, who has a following of 140.7K, recently shared his insights on Dogecoin spot analysis. He believes that the meme coin is positioning for a potential reversal within the price range of $0.075 to $0.094. 

Should this reversal occur, GVR suggests that Dogecoin could reach a long-term target between $0.20 and $0.30. To reach $0.30, Dogecoin would need to surge approximately 228.23% from its current price of $0.0914.

Never a Better Time to Rack Up Some Shiba Inu: Analyst

Elendu Benedict
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Never a Better Time to Rack Up Some Shiba Inu: Analyst

Shiba Inu has hit the most important support level in its history, and analysis suggests there is no better time to buy than now.

Shiba Inu (SHIB) reached this following a string of bearish price setups in the past few months. The meme coin has not had a single green candle in six months, correcting 60.7% from its September 2024 high of $0.00001484 to the current market price of $0.00000582.

Key Points

  • Shiba Inu has reached the most important support level in its history, and analysis suggests there is no better time to buy than now.
  • This support ranges between $0.0000066 and $0.0000051, and the meme coin sits well within it.
  • Shiba Inu has also reached the support trendline of a bearish price channel, further fueling rebound prospects.
  • SHIB trends within a Gartley harmonic pattern, which could spur an explosive upward move upon a breakout.
  • Analysis suggests this might be the best time to buy into Shiba Inu.

SHIB at Crucial Support

Notably, the downtrend has now brought SHIB to a price level that analyst Caro (Vivaforexwithcaro) described as the most important support zone for the token. An accompanying weekly chart shows that this support ranges between $0.0000066 and $0.0000051, and the meme coin sits well within it.

Shiba Inu at Support/Vivaforexwithcaro
Shiba Inu at Support | Vivaforexwithcaro

Further, the TradingView analysis highlighted that Shiba Inu has also reached the support trendline of a bearish price channel. The token has been consolidating around the high of $0.00001765 in May 2025.

A combination of these two price bottoms suggests Shiba Inu is at a low price that the analyst considers its bottom. The fact that it has still not broken this support in its five-year history further adds to the optimism that it will hold.

Shiba Inu Forms Gartley Harmonic Pattern

The commentary also spotlighted SHIB’s trend within a Gartley harmonic pattern. Notably, this pattern features bearish and bullish formations, and the meme coin is currently following the latter.

For context, this structure follows an ABCD price swing, with SHIB making lower highs and lower lows before an eventual breakout. The A wave formed during the rally to the March 2024 high of $0.0000456. The B wave followed, dragging prices down to the August 2024 low of $0.0000183.

Following this was the lower high C wave, which took SHIB to the December 2024 high of $0.0000332. Currently, the corrective D wave is underway and is usually the last bearish push before a breakout to new highs.

Best Time to Buy

According to the analyst, this is the best time to buy into Shiba Inu. He specifically noted that there is “never a better time to rack up some SHIB,” with the sentiment supported by his belief that a bullish scenario could develop from the current levels. However, this remains speculative and should not serve as investment advice.

Notably, this aligns with a couple of past analyses that view the support as a stronghold that could prove insurmountable for bears. While the significance of the support cannot be overemphasized, there is no guarantee that it will hold.

Moreover, CryptoQuant data shows that the SHIB exchange reserve has been increasing drastically over the past few days, signaling distribution rather than accumulation. This indicator suggests buying pressure has not yet returned, which could be detrimental to prices.

Robert Kiyosaki Pauses Bitcoin, Gold, and Silver Purchases

Zabi
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0
Robert Kiyosaki Pauses Bitcoin, Gold, and Silver Purchases

Robert Kiyosaki, author of Rich Dad Poor Dad, says he is stepping back from buying Bitcoin, gold, and silver for now.

Instead of focusing on short-term price swings, Kiyosaki argues that the greater risk for investors lies in the expanding U.S. debt burden. He shared this perspective in a recent post on X, outlining both his investment strategy and broader economic concerns.

Key Points

  • Kiyosaki believes U.S. fiscal instability, not short-term price swings, is the biggest market risk.
  • He has paused new purchases of Bitcoin, gold, and silver, waiting for clear market bottoms.
  • Kiyosaki previously bought silver, Bitcoin, and gold at historically low levels and sold portions recently for tax planning.
  • He sets specific buy triggers: silver at $74 and gold at $4,000 per ounce.
  • Cryptocurrencies and precious metals remain highly volatile, with Bitcoin down 8.3% in 24 hours and ETFs showing sharp swings.

U.S. Debt Emerges as Central Market Concern

Kiyosaki framed the U.S. fiscal outlook as the most pressing issue facing markets today. According to him, the national debt has climbed to roughly $38 trillion. When future obligations are taken into account, he said the number rises dramatically. Programs such as Social Security and Medicare, he noted, push total long-term liabilities close to $250 trillion.

In his view, these figures point to deeper structural weaknesses. In the same post, Kiyosaki criticized the Federal Reserve, political leaders, and major financial institutions, arguing that policy failures and poor governance have eroded confidence in the system. 

These comments are consistent with his long-standing skepticism toward fiat currencies and centralized monetary control.

Waiting for Clear Market Bottoms

Against this backdrop, Kiyosaki explained why he is avoiding new purchases for the time being. He said he previously bought silver near $60, Bitcoin around $6,000, and gold close to $300.

More recently, he sold portions of his Bitcoin and gold holdings, a move he attributed to tax planning rather than a change in his long-term outlook. For now, he prefers to remain patient, saying he is waiting for prices to establish fresh bottoms before re-entering the market.

His cautious stance comes amid renewed volatility in cryptocurrencies. Bitcoin fell to about $60,100 on Thursday before rebounding to roughly $65,238 by Friday morning. Even after the recovery, it remained down 8.3% over the prior 24 hours, according to CoinGecko data.

Mixed Signals in Precious Metals

Precious metals showed uneven performance during the same period. Gold traded near $4,853 per ounce, gaining about 1.5% on the day. Simultaneously, the SPDR Gold Shares ETF declined 0.92% in extended trading. The drop follows a 2.6% retreat during regular market hours, underscoring the divergent sentiment across gold-related assets.

Silver followed a similar pattern. Spot prices climbed to around $73, up more than 2.5%, while the iShares Silver Trust recorded steep losses. The ETF fell more than 15% during the regular session and continued to decline overnight, underscoring persistent volatility in silver-linked products.

Within this environment, Kiyosaki outlined specific price levels that would renew his interest. He said he would consider buying more silver if prices reached $74 and pointed to $4,000 per ounce as a potential entry level for gold.

These targets, he suggested, reflect his belief that profits are determined at the time of purchase, not at the point of sale.

Return to Discipline and Patience

Kiyosaki closed by reinforcing themes familiar to his audience. Specifically, he reiterated a core lesson from Rich Dad Poor Dad: money is made when assets are bought wisely, not when they are sold. Furthermore, he cautioned investors against chasing rallies, a warning he has frequently shared in past commentary.

Kiyosaki added that his current portfolio already includes enough Ethereum. While he left open the possibility of increasing that position later, he said no immediate action is planned. Kiyosaki concluded by saying he would announce publicly when he begins buying again, offering followers a clear signal when his strategy shifts.

Solana Analysis for Feb 6: SOL Holds Support as Short-Term Futures Suggest Recovery, Where Next?

Mark Brennan
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Solana Analysis for Feb 6: SOL Holds Support as Short-Term Futures Suggest Recovery, Where Next?

Solana shows short-term recovery amid recent price decline, holding support levels as futures flows suggest potential for a market reversal.

The Solana (SOL) market has seen a 12.6% drop in its price within the last 24 hours amid the broader downturn that saw Bitcoin fall to $60,000. With Solana currently priced at $79.71, it has traded within a 24-hour range of $70.61 to $92.81. Despite this drop, the token has managed to remain above the key $70 price level.

Notably, Solana’s market cap stands at $45.1 billion, down over 10%. The 24-hour trading volume is notable at $14.2 billion, up 70%, reflecting surging activity in the market. Solana has also struggled over the past 30 days, showing a 42.6% decline and a notable 34.96% loss year-to-date.

Amid this massive decline, the coming hours will reveal if the 12.6% drop signals a larger bearish trend or just a brief setback.

Will Solana Fall Further or Reverse?

Looking at the Solana technical chart, the recent candlestick chart shows a sharp decline, but the price appears to be stabilizing near $80. If Solana breaks below this point again, traders could see another decline toward the next support levels around the $70 range.

Solana 1-Day Analysis
Solana 1-Day Analysis

Overhead resistance exists around the 50-period EMA at $123.30. The chart indicates that Solana has been moving away from this level recently, with price action pushing lower after attempts to stay above it. Any significant price movement above this could signal a potential bullish reversal toward the $136 level at the 100-period EMA. Until the price breaks above this point, downward pressure is likely to remain in play.

Looking at the Stochastic Oscillator, the current reading shows that Solana is in an oversold territory, with the value at 21.37. This could indicate that the asset may be due for a potential bounce, especially if buying pressure begins to rise. 

If the Stochastic value moves toward the 50 region, it will confirm that Solana is regaining bullish momentum, but until then, caution is advised as prices may continue to test lower levels.

Solana Futures Show Short-term Recovery

Elsewhere, the data presented on Solana futures flows indicates a short-term recovery in market sentiment. In the past hour, Solana has seen a net inflow of $51.46 million, reflecting a 79.77% change.

Solana Futures Flows
Solana Futures Flows

The 4-hour and 8-hour data show even more notable increases, with $78.26 million and $105.84 million in net inflows, respectively. These inflows correspond to a growth of 202.05% over the last 4 hours and 157.54% in the past 8 hours.

However, the longer-term outlook remains mixed. Over the last 12 hours, net inflows have dropped by $94.57 million, and in the past 24 hours, net outflows of $231.55 million have emerged. This could suggest that while there is a short-term rebound, caution is advised for long-term traders as the market shows some volatility.

The 3-day and 5-day data reinforce this mixed outlook, with net outflows of $629.11 million over the last 3 days and $572.66 million over the past 5 days. 

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