XRP Whale Vs. Retail Spread Just Hit A 2-Year Low, What This Means
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....
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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....
Since breaking past the $70,000 price mark during the weekend, Bitcoin has been maintaining an upward trajectory in the past few days. Amid this renewed upside momentum, a subtle but key shift is unfolding in the market structure of Bitcoin, which is crucial in determining the next direction. Whale Vs Retail Activity In Bitcoin And […]
Recent on-chain data from Glassnode reveals that retail investors, defined as addresses holding 1 BTC or less, have significantly ramped up their Bitcoin purchases in the past two months. Although this interesting trend among retail traders is very bullish for the leading cryptocurrency, it has been contrasted by a deviating trend among whale addresses, who […]
According to a recent on-chain study, the Bitcoin market has entered another crucial phase, driven by a growing divergence between retail and whale activity. Related Reading: Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus Whale Positioning Diverges Sharply From Retail Optimism In an X post on May 16, crypto analyst Joao Wedson highlights a clear schism between Bitcoin retail and whale activity. This post’s assertion is based on readings obtained from the Bitcoin: Whale Vs Retail Delta metric. For context, the metric monitors the difference in trading behavior....
XRP is still capped by ongoing volatility in the market, limiting its price below the $1.40 level, but its market dynamics are beginning to experience a crucial change. This shift in dynamics is currently being reflected in the Whale Vs Retail Delta, which is exhibiting a bullish move once again. A Positive Shift In XRP […]