đ Whales Are Back: BTC, XRP and ADA Edition đ
Hey friends đ The last couple of days had a fun twist. Prices bounced, and at the same time big money started moving onto exchanges. Analyst Ali Martinez noticed it on three coins at once. Let's go one by one đ
đ BITCOIN
In just two days, BTC sent to exchanges jumped from about 7,682 to 25,124 coins. That's more than 3x, roughly $2B at today's prices. And instead of crashing, BTC bounced. So either whales were selling into buyers who showed up, or they were moving coins for trading and margin. Both happen, and the next few days will tell us which one it was.
đ” XRP
Same picture: more XRP flowing onto exchanges while the price tries to recover from its October low around $1.25. The good part is that over half of all XRP supply hasn't moved in more than a year, so long-term holders still aren't panicking đ
đą CARDANO
ADA also bounced together with rising exchange inflows. It recently slipped below $0.22, so any recovery is welcome. Plus there's a fresh joint ETF filing with the SEC that includes Cardano.
dyor
Hey friends đ The last couple of days had a fun twist. Prices bounced, and at the same time big money started moving onto exchanges. Analyst Ali Martinez noticed it on three coins at once. Let's go one by one đ
đ BITCOIN
In just two days, BTC sent to exchanges jumped from about 7,682 to 25,124 coins. That's more than 3x, roughly $2B at today's prices. And instead of crashing, BTC bounced. So either whales were selling into buyers who showed up, or they were moving coins for trading and margin. Both happen, and the next few days will tell us which one it was.
đ” XRP
Same picture: more XRP flowing onto exchanges while the price tries to recover from its October low around $1.25. The good part is that over half of all XRP supply hasn't moved in more than a year, so long-term holders still aren't panicking đ
đą CARDANO
ADA also bounced together with rising exchange inflows. It recently slipped below $0.22, so any recovery is welcome. Plus there's a fresh joint ETF filing with the SEC that includes Cardano.
dyor