XRP Whale Outflows Continue On Binance — What’s Happening?
According to recent on-chain data, large investors in the XRP market seem to be adjusting their positions. Further analysis suggests that if XRP finds favorable alignment with the current conditions, it could be at the start of a larger upside rally. 44 Million XRP Leave Binance Late In February In a Quicktake post on CryptoQuant, market analyst Amr Taha shared that there have recently been major withdrawals of XRP tokens from Binance, the world’s largest cryptocurrency exchange by trading volume. This outflow trend is based on the Multi Exchanges Daily Whales Netflow metric.....
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The XRP price remains range-bound as it has been over the past couple of weeks. As of the time of writing, the XRP price has appreciated by 1.86% over the past day, yet it has been unable to break above the $1.60 resistance. However, despite this apparent inertia, a notable shift is occurring on Binance, the world’s leading crypto exchange by trading volume. Related Reading: XRP’s Biggest Holders Just Stopped Sending Tokens to Exchanges: Last Time Was November 2021 Binance Whale Vs Retail Spread Falls To 88% In a QuickTake post on CryptoQuant, analyst Amr Taha shares an update for the XRP....
Binance saw its biggest Bitcoin outflow in history after $816 million (58,861 BTC) was withdrawn in one day. Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million.The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for a rally in the near term. Second, an over-the-counter deal could have occurred, causing whales to move their funds.Bitcoin outflows on Binance. Source: CryptoQuant.comOn-chain activity....
The XRP price seems to have encountered significant resistance to its growth over the week. As of Wednesday, April 22, the cryptocurrency tried but failed to close above $1.4540, and subsequent movements did not even reach the resistance region. While the XRP price continues to struggle, recent on-chain analysis suggests momentum might be building right beneath the surface. Hence, in the presence of the right conditions, the growing momentum could be the much-needed fuel for XRP’s breakout from its present stalemate. Whale Outflows On Binance Rise To 94.4% In a recent Quicktake post on....
Ethereum has entered a consolidation phase after losing the $4,500 level, now trading within a tight range above $4,250. The recent pullback has increased uncertainty across the market, with investors weighing whether ETH will break lower or gather enough momentum to attempt another rally. Despite this volatility, Ethereum continues to demonstrate strong underlying fundamentals, supported by consistent whale and institutional accumulation. Related Reading: Bitmine Adds Another $65.3M In Ethereum – Details According to top analyst Darkfost, whale activity on Ethereum remains elevated, with....
On-chain data shows the Bitcoin Exchange Whale Ratio for Binance has been going down recently, a sign that may be bullish for BTC’s price. Bitcoin Binance Exchange Whale Ratio Is Calming Down As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin whale selling pressure may be decreasing on the cryptocurrency exchange Binance. […]