🔍 The wallet linked to a16z just picked up another 50,168 #HYPE ($1.97M) 10 hours ago. In the past month, this wallet has snagged 1.64M #HYPE ($69.43M) and is currently in the red by more than $6M.
Fresh on-chain data confirms record activity among big players with this asset.
The number of wallets holding at least 10,000 XRP has reached an all-time high of 332,230 addresses.
The asset has been ranging since early February between 1.3$ and 1.5$ and is currently struggling to break out to the long side. However, if the whale activity continues, I believe we can definitely break the 1.5$ mark with a subsequent push towards $2.
On the positive side, we also see a lack of strong selling pressure that could hinder this movement. But for now, we are experiencing a local market dip, so we need to wait for a bit until we start gaining momentum for a long position, which will also help XRP rise.
not really what anyone wanted to see but that brief strength was an abc up.#btc
losing 100k is a pretty strong psychological level to lose, the high timeframes are now starting to look dicey on #btc i think we need to start entertaining the idea that the cycle may be over
The chart of the first cryptocurrency continues to move within the 'bullish wedge' formation. As I warned you, the price is testing the lower boundary of the formation, the descending trend line. Also, during the current correction, it is updating the minimum of the summer consolidation 📉. This movement is not considered 'deadly', as the previous correction occurred in a similar manner. The constant updating of the minimum is happening to maximize the liquidation of buyers from their positions.