XRP Whales Are Selling: $50 Million Exiting Wallets Every Day
On-chain data shows the 30-day netflow of the XRP whales has remained deep negative recently, a sign that the asset is under persistent selling pressure. XRP Whale Flow Is At A Negative $50 Million Per Day At The Moment As explained by CryptoQuant community analyst Maartunn in a new post on X, XRP whales have been offloading coins recently. “Whales” refer to the big-money investors who hold significant amounts in their wallets and carry some influence in the market. The behavior of these key investors can often be worth keeping an eye on, as even if it may not always directly....
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Amid distribution by the "giant" whales of Bitcoin, data shows that smaller ones are still resisting the urge to sell. Bitcoin (BTC) could still see a major price capitulation, but more whales need to start selling first, data suggests.In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior.Small whale selling should spark "absolute capitulation"Amid widespread consensus that BTC/USD should put in a lower low than its May 12 pivot price of $23,800, some of Bitcoin's largest holders are showing signs of....
The Bitcoin market appears to be retracing the gains it has made since January as whales may be exiting and selling on centralized exchanges according to Glassnode. The number of Bitcoin whales is rapidly decreasing to levels not seen since earlier this year, possibly due to the three-month high of coin inflows to centralized exchanges (CEXs).Bitcoin (BTC) market tracker Glassnode has issued several bearish indicators for the largest cryptocurrency by market cap, including data suggesting a market exit for whales holding at least 1,000 coins, and exchange inflows of more than 1.7 million....
As earlier reported, Bitcoin holders have steadily held on to their coins in the past few months. Bitcoin whales, in particular, seem to be doubling despite the current uncertainty in Bitcoin’s future projection. Long-term holders add an average of 50,000 BTC to their wallets every month, as indicated by the HODLer Net Position Change indicator provided by Glassnode. Related Reading: Crypto Analyst: Bitcoin To Surpass Gold And Silver Within A Decade On the other hand, whales of Ethereum, the second largest crypto in the world, appear to be on a different trajectory. On-chain data....
On-chain data shows that XRP whales are currently offloading their coins, which paints a bearish outlook for the altcoin. This comes as XRP struggles to stay above the psychological $3 level and risks dropping to new lows. XRP Whales Offload $480 Million Coins In Two Weeks Santiment data shows that XRP whales have dumped 160 million coins ($480 million) since around September 4, when their holdings peaked at around 6.95 billion. Since then, their XRP holdings have dropped from 6.95 billion to around 6.77 billion. These whales hold between 1 million and 10 million tokens. Related Reading:....
The Ethereum netflow chart shows that the spike in exchange flows has often come at a time when the price of ETH was trading at a short-term/long-term low. The exchange netflow of Ether (ETH) over the past couple of years highlights a behavioral pattern among Ether whales that market analysts believe is done to pump the price of the second-largest cryptocurrency.The “exchange netflow” is an indicator that measures the net amount of crypto entering or exiting wallets of all centralized exchanges. The metric's value is simply calculated by taking the difference between the exchange inflows....