According to local reports, Milei would have been in constant communication 
with Mauricio Novelli, a crypto entrepreneur, just moments before writing the 
post sharing the token contract with his followers on social media. This could 
imply a coordinated strategy behind Milei’s actions. Libra: Milei Held Several 
Phone Calls Before Announcing the Token’s Issuance on Social […]

Libra Case: Milei Had Continuos Communication With Associates Before Token Launch

More than $246 million in crypto futures positions were wiped out in a single 
day as Bitcoin reversed sharply on Thursday, punishing traders who had bet 
against the market. The leading cryptocurrency climbed back to around $73,300 
— a gain of roughly 4.5% over 24 hours — after a stretch of selling had 
dragged prices into the high $60,000 range. Related Reading: Cardano’s DeFi 
Boom: TVL Spikes 23% In Less Than 2 Weeks The move carried the hallmarks of a 
short squeeze. Funding rates had gone deeply negative in the days before the 
reversal, a sign that bearish bets had piled up on exchanges. When prices 
turned higher, those positions were forced to close. Volume surged, and the 
rally fed on itself. Buyers Step In Ahead Of Major Resistance Bitcoin had been 
trading near $71,500 before buyers moved in. Reports from trading data firm 
TradingView placed the price at approximately $72,900 at publication time. The 
recovery came against a backdrop of broader risk appetite returning to 
financial markets, with the S&amp;P 500 posting gains and the US dollar softening 
— conditions that have historically drawn money into alternative assets like 
Bitcoin. Institutional demand played a role too. Inflows into spot Bitcoin 
exchange-traded funds helped put a floor under prices during earlier sell-offs 
this year, keeping losses shallower than they might otherwise have been. That 
dynamic marks a notable shift from past cycles, when Bitcoin often fell in 
lockstep with equities during periods of stress. Geopolitical tensions in the 
Middle East added a layer of uncertainty throughout the week, but Bitcoin held 
its ground, a fact traders pointed to as evidence of broader market acceptance 
of the asset. Open Interest Stays Elevated At $48B The derivatives market 
remains stretched. Open interest across major exchanges sat near $48 billion, 
according to data aggregated by Coinglass, with CME Bitcoin futures alone 
accounting for roughly $7.9 billion — or around 110,000 BTC. Positioning had 
shifted toward call options heading into the move, suggesting some traders had 
already anticipated a push higher. That level of open interest cuts both ways. 
It reflects strong participation and genuine conviction from both retail and 
institutional traders. Related Reading: Ghana’s Crypto Push Begins As 11 
Companies Enter SEC Sandbox But it also means the market stays vulnerable to 
sharp swings if headlines change fast. A single piece of macro news — a 
Federal Reserve signal, an escalation overseas, a policy shift — could flip 
the mood quickly. Bitcoin has shed its old reputation as a pure risk-on trade, 
at least partly. Advocates increasingly frame it as a store of value in 
environments where governments spend freely and currencies weaken. Whether 
that framing holds under pressure remains an open question, but Thursday&#8217;s 
recovery did little to discourage those who believe it. Featured image from 
Pexels, chart from TradingView

Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets

XRP is in a compression phase rather than a breakdown, according to analyst 
EGRAG CRYPTO, who says the chart’s most important trigger now sits at $2.20. 
In a post published Friday, he argued that reclaiming that level would mark 
the point where the current structure turns decisively constructive again. 
EGRAG’s analysis is built around the monthly XRP chart and, specifically, the 
21-period exponential moving average. “I keep repeating this: I don’t predict 
the future. I read charts, study cycles, and utilize on indicators,” he wrote, 
framing the setup less as a directional call than as a structural read of the 
market. “Right now the 21 EMA is the key.” What This Mean For XRP Price On his 
chart, that yellow 21 EMA has acted as the central trend reference through 
multiple XRP cycles. The latest monthly candles show price slipping below that 
line after a sharp rally, then moving into what he describes as a “descending 
compression / falling Channel.” He paired that with another key observation: 
“Price lost the 21 EMA,” “formed a descending compression / falling Channel,” 
and was “rejected from the $2.20 macro zone.” His conclusion from that 
combination was blunt: “This is not a crash structure.” Related Reading: XRP 
Bollinger Bands Are Squeezing—Volatility Incoming? That distinction is the 
core of the thesis. Rather than reading the recent decline as broad 
capitulation, EGRAG says the candle behavior points to a controlled 
retracement. “Look at the candles: shrinking bodies, weakening downward 
momentum, controlled retracement,” he wrote. “That’s seller exhaustion, not 
collapse.” The chart supports that reading visually. The candles on the right 
side of the structure are smaller than during the earlier impulse move, and 
the decline appears more contained than impulsive. The falling yellow guide 
lines drawn over the recent price action show a narrowing channel rather than 
a steep vertical unwind. In practical terms, the setup looks like compression 
into a decision point, not an outright structural failure. EGRAG then laid out 
two possible paths from here. The first is what he called a “Liquidity Sweep 
First,” meaning “a final shakeout toward $0.80-$1.00.” In his wording, that 
scenario would reflect a “wedge measured move &amp; liquidity below,” suggesting 
XRP could still dip toward the lower part of the structure before any broader 
reversal attempt. Related Reading: XRP Accumulation Signal? Binance 
Withdrawals Jump, ETF Demand Grows The second path is the more immediate 
bullish alternative. “Fast Reclaim,” he wrote, would come “if XRP reclaims 
$1.65–$1.80,” at which point “the structure flips bullish again.” That reclaim 
zone matters because it would indicate that the compression has failed to 
produce follow-through to the downside and that buyers are regaining control 
before a deeper flush. Still, the chart’s most important level sits higher. 
EGRAG is explicit on that point: “The Level That Changes Everything $2.20: 
Reclaim that level and the expansion phase reactivates.” He followed that with 
the roadmap above it: “Next targets: $2.20 reclaim, $2.50 retest.” That makes 
$2.20 more than just a nearby resistance band. On this reading, it is the 
macro pivot separating a still-unresolved correction from a renewed expansion 
phase. The analyst had already identified it as the zone where XRP was 
previously rejected, so a move back above it would not just recover lost 
ground; it would invalidate the idea that the market remains trapped below a 
failed breakout area. For now, though, his message is that the market remains 
in waiting mode. “Until then…This is compression, not capitulation,” EGRAG 
wrote. “Structure &gt; Noise.” At press time, XRP traded at $1.41. Featured image 
created with DALL.E, chart from TradingView.com

This XRP Level Is ‘Where Everything Changes,’ Analyst Says

Betting companies have reportedly asked regulators to pause the operations of 
prediction market platforms, such as Polymarket and Kalshi, in Brazil. The 
betting lobby argues that prediction market contracts constitute bets and 
should be blocked, as these platforms are unlicensed in the country. Betting 
Lobby Attacks Prediction Markets in Brazil Betting companies have taken action 
[…]

Big Bet Takes Action to Block Prediction Markets in Brazil

Goldman Sachs has quietly built one of the largest known institutional 
positions in XRP, holding close to $154 million through various exchange- 
traded fund products — a figure that places the Wall Street giant ahead of 
hedge funds and trading firms that have also begun staking out exposure to the 
digital asset. Related Reading: Ghana’s Crypto Push Begins As 11 Companies 
Enter SEC Sandbox Institutions Move In As Retail Pulls Coins Off Exchanges The 
Goldman position was disclosed alongside smaller holdings from Millennium 
Management, which reported about $23 million in XRP ETF exposure, and Citadel 
Advisors, which holds roughly $4.50 million. Companies including Jane Street 
and DRW Trading Group also reported positions. The breadth of names involved 
points to growing institutional acceptance of XRP as a regulated investment 
vehicle, even as the coin&#8217;s price has declined sharply since the funds 
launched. The XRP ETFs have actually held up pretty well despite the massive 
pullback in price. They&#8217;ve taken in a cumulative $1.4 billion since launch. 
pic.twitter.com/Bjtmb0y40D — James Seyffart (@JSeyff) March 10, 2026 XRP was 
trading near $2.50 when spot ETFs began trading in November 2025. It has since 
dropped to around $1.38 — a fall of 44%. Despite that slide, cumulative 
inflows into XRP ETFs have reached $1.4 billion, according to Bloomberg ETF 
analyst James Seyffart. The continued buying has raised questions about who 
exactly is behind the money flowing in and what their time horizon looks like. 
On-chain data from CryptoQuant shows a spike in XRP withdrawals from Binance. 
Between February 21 and March 7, the exchange recorded between 12,500 and 
20,000 withdrawal transactions. Each surge was followed by a sharp drop in 
activity before picking back up again — a pattern analysts say may reflect 
investors moving coins off trading platforms and into longer-term storage. 
Supply On Exchanges Tightens As ETF Demand Holds Steady When large amounts of 
any asset are pulled from exchanges, the pool of coins available for immediate 
trading shrinks. Combined with steady ETF inflows, some market observers see 
the trend as a signal that available supply is being absorbed from multiple 
directions at once. Whether that dynamic will push prices higher remains to be 
seen. XRP has been consolidating between $1.31 and $1.42. Broader crypto 
market sentiment has stayed bearish, and analysts say that is likely keeping a 
lid on any near-term price movement. Related Reading: Bitcoin Crosses 20 
Million Coins Mined — And Only 1 In 20 Remains Away from price action, 
activity on the XRP Ledger has been climbing. Daily transactions on the 
network have reached roughly 2.7 million, driven in part by real-world asset 
tokenization projects building on the chain. The total value of tokenized 
assets on the network has approached $461 million. Network Activity Climbs 
Even As Price Stays Flat The contrast between rising network usage and a 
stagnant price has been a recurring theme for XRP. Supporters point to the on- 
chain growth as evidence of real utility developing beneath the surface. 
Critics note that activity metrics and price do not always move in the same 
direction, at least not right away. Featured image from Vecteezy, chart from 
TradingView

Cryptocurrency price in VEF