Attention, traders: the cryptocurrency market is experiencing sharp turbulence — a significant crash is possible.

In recent days, we have observed alarming signals:

• XRP: large holders (“whales”) are actively transferring tokens to exchanges — this often precedes sell-offs. The spike in such transactions at the 30-day SMA at 9,298 tokens has become the second largest in 2024 and was accompanied by a subsequent price drop from $3.27 to $1.70 over four months.

• The MVRV indicator for XRP shows a "death cross" pattern — this is usually a prelude to a deeper price decline.

• Bitcoin is currently only ~1% below its all-time high, but experts like Nick Pakrin and Quentin Frenkos warn of a possible drop to $117,000, citing a gap on CME.

• BTC dominance has fallen below 60%, indicating a shift of capital into altcoins — sometimes this serves as a precursor to a correction when market attention shifts and speculative activity begins to rise.

• Economist Henrik Zeberg predicts a brief "speculative euphoria" in the stock and crypto markets, after which a sharp decline is inevitably expected.

⸻