XRP ETF Launch Possible by Nov. 13 as Bitcoin Faces Liquidation Pressures

• XRP ETF approval nears: November 13 marks the end of the 20-day SEC review for Canary Capital’s filing, paving the way for the first fully backed spot product.

• Michael Burry’s return signals caution amid high AI and crypto valuations, leading to reduced leverage in Bitcoin and Ethereum markets.

• Bitcoin faces 600% liquidation imbalance with $262 million in long positions wiped out versus $41 million in shorts, supporting a $110,000 price level.

XRP ETF countdown accelerates to Nov. 13 amid Bitcoin’s $110K stability and Burry’s bubble warning. Explore key levels, ETF impacts, and market outlooks for smarter crypto decisions today.

What is the significance of November 13 in the XRP ETF countdown?

The November 13 date represents a critical milestone in the XRP ETF countdown, as it signals the potential launch of Canary Capital’s spot XRP exchange-traded fund following the expiration of the 20-day SEC review period. This development stems from the recent removal of the delaying amendment in their filing, which had previously paused progress. If approved without further intervention, this ETF would provide institutional investors with straightforward access to XRP, backed directly by the cryptocurrency rather than through alternative structures.

How is Michael Burry’s return affecting current crypto market dynamics?

Michael Burry, renowned for his prescient bets during the 2008 financial crisis, has reemerged after a two-year hiatus with warnings about potential market bubbles, particularly in overvalued AI and cryptocurrency sectors. His comments, shared through Scion Asset Management updates, highlight concerns over inflated valuations where asset prices reflect speculative beliefs more than fundamentals, drawing parallels to past housing market excesses. According to market data from platforms like CoinGlass, Burry’s timely intervention coincided with a noticeable pullback in crypto leverage, including an 8% drop in open interest for Bitcoin and Ethereum perpetual contracts overnight.

Funding rates for these assets normalized following the announcement, as traders shifted toward protective strategies like purchasing put options. Burry’s earlier investments in Chinese tech firms such as Alibaba and Baidu, which benefited from advancements like China’s DeepSeek AI model, underscore his focus on undervalued opportunities amid broader froth. In the crypto space, this has prompted a cautious stance, with Bitcoin’s price stabilizing around $110,000 despite recent ETF outflows totaling $488 million from U.S. Bitcoin funds on October 30. Ethereum saw similar pressures with $184 million in withdrawals, while Solana bucked the trend by attracting $37 million in inflows, maintaining its position near $190.

Experts, including those cited in financial analyses from Bloomberg and Reuters, note that Burry’s influence often acts as a sentiment barometer, encouraging deleveraging without immediate crashes. For instance, Nvidia’s recent $5 trillion valuation milestone amplified these bubble fears, as its ties to AI developments like OpenAI echo interconnected risks in high-growth sectors. In response, crypto traders have paused aggressive long positions, with the market exhibiting a “blink” rather than a full retreat, allowing Bitcoin to hover between buy orders at $107,000 and sell walls at $114,000.

Frequently Asked Questions

What could the approval of the first XRP ETF mean for institutional adoption?

The approval of the first spot XRP ETF, potentially on November 13, would enable institutional investors to gain direct exposure to XRP without managing the asset themselves, similar to Bitcoin and Ethereum ETFs. This could drive significant inflows, enhance liquidity, and push XRP’s price toward $3.00, as seen with Solana’s ETF response, according to analysts from Nate Geraci’s firm. It would also legitimize XRP further in traditional finance, attracting pension funds and endowments seeking diversified crypto holdings.

Why did Bitcoin experience such a high liquidation imbalance on Halloween?

Bitcoin’s 600% liquidation imbalance on Halloween resulted from $262 million in long positions being liquidated compared to just $41 million in shorts, highlighting persistent bullish bias in a volatile market. Data from CoinGlass indicates this stemmed from over-leveraged traders caught in a brief dip, exacerbated by $600 million in overall ETF outflows from the previous week. Despite the event, Bitcoin closed with a 1.6% gain at around $110,086, supported by historical October patterns that favor green months leading into November rallies.

Key Takeaways

• XRP ETF progress: Canary Capital’s filing advances without delays, targeting a November 13 launch for direct token exposure, potentially testing resistance at $2.73 and aiming for $3.00.
• Burry’s market signal: The investor’s bubble warnings have tempered crypto enthusiasm, reducing open interest by 8% and stabilizing funding rates amid AI-driven valuations.
• Bitcoin resilience: Despite heavy long liquidations and ETF pressures, BTC holds at $110,000, aligning with a decade-long pattern of strong October finishes setting up November gains.

Source: CoinGlass

Conclusion

In summary, the XRP ETF countdown to November 13 highlights a transformative moment for Ripple’s token, complemented by Michael Burry’s cautionary return and Bitcoin’s robust $110,000 stance amid liquidation challenges. With MicroStrategy reaffirming its $150,000 Bitcoin target and a $47.44 billion holdings, the market shows structured optimism. As ETF decisions and Fed liquidity updates unfold, investors should monitor key supports like $107,500 for Bitcoin and $2.45 for XRP to navigate Q4 opportunities effectively.

The crypto landscape remains dynamic, with Solana’s inflows signaling selective strength. Staying informed on these developments positions traders for potential upside, especially if historical trends hold and no major macro disruptions occur. For ongoing insights into XRP ETF updates and Bitcoin price movements, keep an eye on evolving market signals.

Bitcoin’s Evening Market Outlook

As the Halloween trading session transitions into the evening, the crypto market presents a balanced yet watchful atmosphere. Bitcoin continues to trade steadily around $110,000, caught between supportive buy orders at $107,000 and overhead resistance near $114,000. Recent ETF data underscores this equilibrium: U.S. Bitcoin spot products recorded $488 million in outflows on October 30, with Ethereum following suit at $184 million in net withdrawals. In contrast, Solana’s products saw $37 million in fresh capital, reinforcing its hold above the $190 level.

MicroStrategy’s latest quarterly report adds a layer of confidence, reporting earnings per share of $8.42 and revenue of $128.7 million, backed by a substantial 640,808 BTC reserve valued at $47.44 billion. The firm’s unwavering commitment to founder Michael Saylor’s vision maintains the year-end 2025 Bitcoin price projection at $150,000, providing a bullish anchor amid broader uncertainties.

Technical indicators suggest Bitcoin’s momentum remains intact but measured. The asset has respected support at $107,500 multiple times this week, with a potential downside to $105,000 if breached, where exchange and futures demand converges. On the upside, a decisive close above $111,200 could propel prices toward $114,000 and ultimately $117,500, revisiting October’s pre-drop highs.

Historical Context for Bitcoin’s October Performance

Bitcoin’s current positioning aligns with a consistent historical pattern observed over the past decade, where October closes in positive territory often presage November advances. Key examples include 2015’s close at $312, 2020 at $13,537, and 2023 at $34,494, culminating in the 2025 approximation of $110,000. This trend, documented in analyses from sources like Glassnode and Chainalysis, reflects seasonal liquidity inflows and reduced summer doldrums, provided macroeconomic risks—such as inflation data or Federal Reserve policy shifts—do not intervene.

XRP’s Technical Setup and ETF Implications

XRP is currently trading at $2.50, reflecting a modest 3% daily increase, with firm support at $2.45 preventing deeper corrections. Resistance lingers at $2.73, a level that has capped gains since September, but a breakthrough here could unlock targets between $2.90 and $3.00. The impending ETF launch amplifies this setup, as Canary Capital’s product—distinct from structures like the REX Osprey XRPR fund—promises true spot tracking and institutional-grade liquidity.

Analysts, including Nate Geraci from The ETF Store, anticipate inflows comparable to Bitwise’s Solana ETF debut, with Franklin Templeton and Bitwise holding parallel applications in queue. Nasdaq’s approval of Form 8-A would formalize trading, marking the U.S. debut of a fully tokenized XRP vehicle under standard ETF guidelines. This evolution could reshape XRP’s market dynamics, drawing parallels to how Bitcoin ETFs catalyzed its ascent post-approval.

Broader Market Implications from Liquidation Data

The stark 600% imbalance in Bitcoin liquidations—$303 million total, predominantly longs at $262 million—reveals lingering bullish convexity in derivatives markets. CoinGlass metrics illustrate how overextended positions unraveled during Halloween volatility, yet the underlying spot price advanced 1.6% to $110,086. This resilience points to underlying demand, even as ETF redemptions exert downward pressure on immediate buyers.

Ethereum mirrors this caution, basing around $3,200 support with resistance at $3,380, while Solana eyes $180 as a floor and $198-$200 as an upper channel. Overall volume skews toward BTC, XRP, and SOL, with normalized funding rates post-washout indicating stabilized sentiment. The evening session will likely hinge on Nasdaq developments for the XRP ETF and any Federal Reserve remarks on liquidity, potentially influencing closes across major assets.

If Bitcoin secures a monthly close above $110,000, it would affirm five consecutive green months, echoing 2019’s pre-halving strength as the strongest October performance in recent cycles. The XRP ETF narrative, centered on November 13, looms as the next catalyst, either delivering a breakthrough or prompting regulatory recalibration.