XRP Whale Outflow Dominance Climbs To 2024 Levels —Price To Follow?
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....
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Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations has dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from the same point in time ethereum’s market capitalization has increased from 11.8% to today’s 14.5%. Bitcoin Dominance Sinks to 50% Ever since the birth of alternative crypto assets, people have used a metric called bitcoin (BTC) dominance, a measurement that records BTC’s entire....
XRP is sending out an interesting on-chain signal at a time when its price is still struggling to build a convincing recovery above $1.3. A closely monitored on-chain metric tracking the behavioral gap between XRP’s largest holders and its retail base has collapsed to its lowest reading in more than two years. The data, sourced from blockchain analytics platform CryptoQuant, points to a structural shift in how XRP is flowing out of Binance, with the Binance Whale vs. Retail Spread for XRP falling to 88.3%, its lowest level in more than two years. XRP Whale Vs. Retail Spread Hits A....
On-chain data shows a Litecoin whale has withdrawn around $20 million in LTC from Binance, which could be bullish for the asset’s price. Litecoin Whale Has Just Made A Large Outflow From Binance According to data from the cryptocurrency transaction tracker service Whale Alert, a massive transfer has been spotted on the Litecoin blockchain during […]
Bitcoin (BTC), the largest cryptocurrency by market capitalization, is one of the best-performing digital assets so far in 2024. Despite its recent struggles in the last two quarters, the premier cryptocurrency is up by more than 137% in the past year. Bitcoin Dominance Vs. Ethereum Up 6% In 2024 According to a recent report by […]
Recent data from Santiment indicates a noticeable decrease in Bitcoin whale activity, reaching the lowest levels seen in 2024. This trend shows that holders of large amounts of Bitcoin, known as whales, are drifting away from active trading. While this could signal a negative trend, the situation presents a complex picture of the cryptocurrency’s market dynamics. Despite the fall in whale activity, the total number of Bitcoin wallets with at least 100 BTC remains high, at 11.79 million BTC across 15,907 wallets. Historically, increased activity from these large holders has often....