🐳 Why Whales Aren’t Selling
Interesting market behavior as crypto turns bearish: holders appear to be borrowing more instead of selling. 🪙
Retail loans per user jumped 74%, while HNWI borrowing increased 18%.
Even more interesting: HNWI cut Bitcoin’s share of collateral from 57.8% to 30.5%, rotating toward
$ZEC $BTC , which now represents 24.2% of collateral. 📤
Meanwhile, retail remained heavily
$XRP -led, with XRP staying the top collateral asset across both cycles.
The big takeaway? 👀
Instead of dumping during weakness, holders may be using their crypto as collateral to access liquidity without giving up potential upside.
#Bitcoin
#XRP #ZEC #Crypto #BTC #Whales