Whales are buying, the price is falling—who’s lying, $XRP ?
The on-chain data is all right here: whales scooped up 60 million coins in 7 days, and 418.5 million coins were withdrawn from Binance in a single day on November 4—the biggest withdrawal in 9 months. There are 2,147 large wallets holding over a million coins, a new high for this year.
But the price isn’t playing along: it’s now at 1.16, after just falling below 1.18 on November 6, its lowest since late August. Even as $BTC trades sideways at 75,900, it’s falling too.
The options market is even more direct: everyone is watching the August low of 0.99, while bears have added another 2.1 million coins since late October.
A. Whales know something we don’t—follow them and buy the dip
B. Whales bought during that August rally too, yet the market cap still shed 29% in 3 months. Wait and see if it hits 0.99
#XRP #Ripple #Whales
$XRP $BTC
The on-chain data is all right here: whales scooped up 60 million coins in 7 days, and 418.5 million coins were withdrawn from Binance in a single day on November 4—the biggest withdrawal in 9 months. There are 2,147 large wallets holding over a million coins, a new high for this year.
But the price isn’t playing along: it’s now at 1.16, after just falling below 1.18 on November 6, its lowest since late August. Even as $BTC trades sideways at 75,900, it’s falling too.
The options market is even more direct: everyone is watching the August low of 0.99, while bears have added another 2.1 million coins since late October.
A. Whales know something we don’t—follow them and buy the dip
B. Whales bought during that August rally too, yet the market cap still shed 29% in 3 months. Wait and see if it hits 0.99
#XRP #Ripple #Whales
$XRP $BTC
