Prediction markets across Kalshi, Polymarket, and Myriad are signaling a 
strong consensus that the New England Patriots will lose Super Bowl LX on Feb. 
8, with pricing one day before kickoff historically among the most reliable 
signals these platforms produce. Kalshi, Polymarket, and Myriad Agree: 
Patriots Face Long Odds on Super Bowl Sunday As of […]

Prediction Markets Price Patriots Loss Ahead of Super Bowl LX

The XRP price was on the verge of losing the $1 level merely two days ago, as 
the entire crypto market succumbed to an almost unprecedented level of 
volatility and bearish pressure. The altcoin fell to as low as $1.16, its 
lowest level since November 2024. While the general cryptocurrency market 
appears to be showing some signs of recovery, the XRP price activity has been 
particularly impressive since bottoming out at around the $1.15 mark. 
According to a prominent crypto analytics firm, below are the reasons behind 
the altcoin’s latest resurgence. Whale And Network Activity Throw XRP A 
Lifeline On Friday, February 6, popular blockchain firm Santiment took to the 
social media platform X to discuss the recent correction and the subsequent 
recovery experienced by the XRP price going into this weekend. With the strong 
volatility witnessed in the market, XRP seemed to be bound for $1 in that 
downward movement. Related Reading: Ethereum Coinbase Premium Drops To 2022 
Bear-Market Levels: Capitulation Or Further Downside? Santiment said on X: 
Panic sellers should have stopped to notice the massive activity on the XRP 
Ledger as speculators were discussing whether the coin would fall below $1.00. 
However, the fourth-largest cryptocurrency by market capitalization briefly 
reclaimed the $1.5 level on Friday, signaling the return of fresh buying 
momentum to the market. According to Santiment, this XRP price jump might have 
been triggered by the group of large investors known as the whales. The latest 
on-chain data shows that an “obvious” whale accumulation took place while the 
XRP price headed for the bottom. Santiment data shows that about 1,389 
$100,000 whale transactions occurred during the dip, the highest volume seen 
over the past four months. Meanwhile, activity on the XRP Ledger has been on 
the rise since the altcoin’s price fell to its lowest level in over a year. 
According to Santiment’s post on X, the amount of unique addresses on the 
blockchain saw a notable surge to 78,727 in just one 8-hour candle, its 
highest level in approximately six months. The crypto analytics noted that 
these occurrences are both significant to the potential price resurgence of 
any asset. With an uptick in whale demand and network activity, the XRP price 
could build the foundation required to return to a bullish structure. However, 
investors might want to approach the market with extreme caution, as a relief 
rally is not the strangest phenomenon in a bear market. XRP Price At A Glance 
As of this writing, the price of XRP stands at around $1.46, reflecting an 
almost 25% jump in the past 24 hours. However, this single-day action is not 
enough to erase the past week’s losses, which still sit roughly over 16%. 
Related Reading: XRP Social Sentiment Still Bullish While Bitcoin Mood Sours 
Featured image from iStock, chart from TradingView

XRP Price Returns Above $1.5 — On-Chain Data Says Whales Are Behind It

Social media mentions of crypto &#8220;crash&#8221; spiked when Bitcoin fell to $60,000 on 
February 5, causing an immediate price rebound according to Santiment data. 
The sentiment analytics platform found that when traders declare a crash has 
happened rather than simply…

Why traders see a crypto ‘dip’ very differently from a ‘crash’

Several X accounts have reignited a long-running debate in bitcoin circles, 
arguing that a single onchain bitcoin now underpins multiple financial claims 
across exchange-traded funds (ETFs), futures, perpetual swaps, wrapped tokens, 
and structured products. The argument, often labeled the “paper bitcoin” 
theory, draws direct comparisons to gold’s financialization in the 1980s, when 
derivatives came to […]

Why Some Traders Say Bitcoin’s 21 Million Cap Is Being Diluted Off-Chain

Arthur Hayes, co‑founder of BitMEX, has pointed to hedging tied to BlackRock’s 
iShares Bitcoin Trust (IBIT) as a major driver behind the recent Bitcoin 
sell‑off. Related Reading: Bitcoin Edges Past Gold In Appeal, JPMorgan Says 
According to Hayes, dealer hedging related to IBIT and similar structured 
products can force large, mechanical selling when markets move against those 
positions. Reports note that such moves can amplify a price drop already set 
off by other pressures. Heavy Hedges Can Trigger Sudden Selling Pressure: 
Hayes Hayes argues that banks and dealers who underwrite structured notes and 
ETF‑linked products often hedge their exposure in the spot and derivatives 
markets. Those hedges can be heavy and fast. When a large product faces 
outflows or redemption triggers, hedges are adjusted quickly. That can 
translate into sudden selling pressure that pushes prices down further, 
especially if liquidity is thin. $BTC dump probably due to dealer hedging off 
the back of $IBIT structured products. I will be compiling a complete list of 
all issued notes by the banks to better understand trigger points that could 
cause rapid price rises and falls. As the game changes, u must as well. 
pic.twitter.com/9DF8VE9XBL — Arthur Hayes (@CryptoHayes) February 7, 2026 
Market Moves And Liquidity Stress The market behaved like a room of people 
trying to leave at once. Prices plunged, then bounced. Reports say Bitcoin 
fell steeply from its recent highs before staging a partial recovery. Bitcoin 
has fallen to around $68,500 Saturday, down 16% in the last seven days, data 
from Coingecko shows. Trades and order books showed spikes in volume, which is 
one sign that hedging flows and quick rebalancing were at play. Some analysts 
say macro news and trader positioning also mattered. The truth likely sits in 
the overlap of these causes. Who Bears The Risk Dealers carry risk when they 
underwrite complex products. In certain moments, that risk is passed back into 
the market through hedging. That’s how, according to Hayes, a few large 
issuers can indirectly set off a chain reaction that affects many other 
holders and traders. The moves can be sudden and mechanical, not always driven 
by sentiment. A Watchful Washington Reports say the role of spot ETFs in 
crypto markets is now on regulators’ and policymakers’ radar. US President 
Donald Trump’s economic team has been monitoring big flows into and out of 
institutional vehicles, while market participants debate whether ETFs 
stabilize prices or add new stress points. Whatever the view, structured 
products now form a clear link between traditional finance and crypto 
volatility. Broader Takeaways This episode underlines how new financial 
plumbing can create new channels for contagion. Some see the presence of 
large, regulated players as a net positive for long‑term adoption. Others warn 
those same players introduce conventional market mechanics that can behave 
unpredictably when stretched. Reports note both perspectives are useful when 
piecing together why prices moved the way they did. Related Reading: Bitcoin 
Sell-Off May Be Done, Analyst Flags Recovery Signs Who Is Right, And What Next 
Hayes has laid out a theory that ties observable hedging flows to the crash. 
It is a compelling thread that fits many of the market signals seen in recent 
days. Still, other factors—macro shifts, concentrated profit‑taking, and 
liquidity gaps—likely played parts as well. Traders will watch flows closely, 
and structured product issuers will be asked hard questions. Featured image 
from Unsplash, chart from TradingView

Cryptocurrency price in BTC