U.Today Crypto Digest: XRP Jumps 1,122% in Liquidation Imbalance, Peter Brandt Predicts Historic Bitcoin Breakout, Ethereum Holder Bitmine Hits $14 Billion Milestone

XRP experienced a sharp 1,122% short-side liquidation imbalance following a cooler-than-expected U.S. inflation report, triggering a market pivot and trapping bearish traders. While total XRP liquidations reached $76,450 in one hour—$70,180 from short positions—the crypto's short squeeze stood out amid broader market gains, including record highs in S&P 500 futures and significant liquidations in Bitcoin ($4.72 million) and Ethereum ($3.39 million). Veteran trader Peter Brandt has rejected the notion that Bitcoin’s price peaks in 2021 and 2025 represent a bearish double top, instead likening the pattern to gold’s historical price breakout in the 1970s. He suggests the cryptocurrency may be positioned for a significant long-term rally, with recent retracements and consolidations potentially leading to a surge past $100,000. Bitmine Immersion (BMNR) now controls over 4.16 million ETH—3.45% of the total supply—as it aims to reach a 5% share and become the dominant Ethereum staking entity by 2026. The firm’s total assets have surpassed $14 billion, including crypto holdings, cash reserves, and strategic equity investments.