Too Long; Didn’t Read [TL;DR]
- Binance delisted 19 low-liquidity USDC pairs across spot and margin markets while taking a $100 million equity stake in Circle.
- XRP broke a five-week symmetrical triangle, rising 5.5% weekly and testing resistance at $1.55 to $1.56 after clearing $1.50.
- Shiba Inu’s Bull Combo pattern gained 8.61% since forming but stalled below the 50-week moving average near $0.0000064.
On the morning of Tuesday, September 22, the cryptocurrency market found itself near the historic $3 trillion market capitalization level after a massive short squeeze. A powerful impulse pushed Bitcoin toward $87,400, forcing bears to close positions worth $557.79 million.
Shorts absorbed around 70% of the hit, with BTC perpetual contracts ($242.47 million) and ETH perpetual contracts ($100.83 million) accounting for the largest losses as per CoinGlass.
The move was fueled by a record inflow of U.S. capital: according to SoSoValue, spot ETFs took in more than $1.9 billion over 24 hours. With Bitcoin leading the inflows at +$1.36 billion, funds also moved aggressively into altcoins: Solana attracted $257.25 million, Ethereum $223.51 million, and XRP $45.54 million, while the crypto-native Hyperliquid token (HYPE) set a new ATH near $96.
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As Bitcoin stabilized in the mid-$85,000s, the market digested a short-lived USDe squeeze on Binance, which took the token to $0.92, and assessed it as a local liquidity shortage ahead of the exchange’s wallet upgrade.
Behind this price pause, structural changes are taking shape. The focus of large players has shifted from external triggers to internal liquidity restructuring and clean technical analysis.
The next few days will be shaped by three main storylines: a large-scale cleanup of the “dead” USDC pairs on Binance as the exchange takes a stake in Circle, XRP’s official breakout from a five-week triangle, with the token finally trading the charts rather than SEC rumors, and a rare technical setup for Shiba Inu (SHIB) stalled at its most intriguing point.
Binance removes “dead” USDC pairs while taking a stake in Circle
The cryptocurrency exchange Binance has announced the next round of cuts to its spot and margin trading books. A total of 19 low-liquidity trading pairs are being delisted. At the same time, it emerged that the exchange had taken a stake in Circle.
According to a fresh filing with the U.S. Securities and Exchange Commission (SEC), Binance purchased 1,237,011 Class A shares of Circle for $100 million. The deal, priced at $80.84 per share, was completed at a discount to the market and comes with a new five-year commercial contract under which Circle will pay the exchange a monthly fee for promoting the stablecoin through modular smart-wallet infrastructure.
Meanwhile, the platform is clearing out illiquid order books. The restriction schedule is as follows:
- September 25 at 03:00 UTC: Spot trading in the USDC pairs for 7 tokens will be halted: AIXBT, DOLO, ENJ, HUMA, SXT, TNSR, and TURTLE. The trading bots serving them will also be completely disabled.
- September 25 at 06:00 UTC: 12 cross-margin and isolated-margin pairs for 7 assets will be removed from the margin market: MANTA, BANANA, SSV, NOM, STO, 1MBABYDOGE, and OPN, all paired against USDC. Access to new borrowing for isolated margin will be disabled on September 23 at 06:00 UTC, while the remaining positions will be liquidated automatically by the exchange.
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The delisting affects only the specified trading pairs — the digital assets themselves will remain available on the platform, with trading continuing through pools against USDT, FDUSD, and BTC. Users of margin accounts and trading bots are advised to close their positions manually before the deadline to avoid forced settlement.
XRP finally trades the charts, not SEC rumors. Five-week triangle officially breaks out
The XRP market finally has a clean technical picture. A five-week consolidation on the weekly timeframe ended with a classic bullish breakout — the asset gained 5.5% over the week, briefly touched $1.57, and is now holding firmly in the $1.51–$1.54 range. The legal noise around the SEC, CFTC, and Ripple has finally given way to market geometry.
Against the backdrop of Bitcoin’s strength, buyers pushed through the key psychological barrier at $1.50 on higher volume. The price is now aggressively testing the $1.55–$1.56 resistance zone. A weekly candle close above this level will finally turn the triangle’s upper boundary into rock-solid support.
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Meanwhile, the information space caught fire. Peter Brandt, head of The Factor Report, posted a global XRP chart with a mathematical long-term target of $5.40. While the community celebrated the victory, Brandt moved quickly to temper the crowd’s expectations with a blunt fact: “The fact is I do not own anything but Bitcoin.”
Macro investor Raoul Pal publicly came to Brandt’s defense, noting that retail traders have completely forgotten how to think in terms of probabilities and Bayesian outcomes, confusing sound technical analysis with guaranteed profit.
XRP has returned to the top tier of technical trading. Whether the coin can hold above $1.55 will be decided in the coming days. If it does, the global uptrend scenario will be confirmed. A false breakout (fakeout) would send the price back to test $1.40, but it is unlikely to break the market’s overall bullish structure at this point.
Why SHIB’s rare technical setup stalled at the most interesting point
The “Bull Combo” technical setup on Shiba Inu’s weekly chart by TradingView — a combination of bullish RSI divergence and a decisive reclaim of the 23-week moving average — continues to hold its ground. Contrary to standard skeptical forecasts, the asset has already gained 8.61% since the pattern formed.
Sellers have run out of steam, while a hidden inflow of liquidity helped SHIB not only hold its local bottom at $0.00000547 but also build upward momentum.
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However, this is exactly where the chart stalled: the price ran into sticky resistance at the blue 50-week MA line, around $0.0000064. For this move to continue, buyers need to establish a foothold above this level.
Only then will the path to the main obstacle open — the 200-week MA at $0.0000122, which has historically turned similar impulses into deep corrections.
Until a breakout occurs, large players are using the lull to accumulate: whales quietly added another 468 million SHIB to their wallets right at the current bottom. The intrigue is simple: either the bulls reclaim the 50-week MA in the coming days, or the entire momentum of the combo will fade into an ordinary temporary rebound.
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