
Facts Vs. Hype: Analyst Examines XRP Supply Shock Theory
Prominent analyst Cheeky Crypto (203,000 followers on YouTube) set out to verify a fast-spreading claim that XRP’s circulating supply could “vanish overnight,” and his conclusion is more nuanced than the headline suggests: nothing in the ledger disappears, but the amount of XRP that is truly liquid could be far smaller than most dashboards imply—small enough, in his view, to set the stage for an abrupt liquidity squeeze if demand spikes. XRP Supply Shock? The video opens with the host acknowledging his own skepticism—“I woke up to a rumor that XRP supply could vanish overnight. Sounds....
Related News
The "Whales Supply Shock" metric has been pretty accurate in detecting Bitcoin market tops. Bitcoin's (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests.Dubbed as "Whale Supply Shock," the on-chain indicator represents the ratio between the amount of Bitcoin held by "whales" and "fishes." Whales represent addresses that hold between 10,000 BTC and 100,000 BTC, while fishes are those that hold anything between 0.001 BTC and 1,000 BTC.A rising Whale Supply Shock reading indicates a higher degree of....
The supply shock valuation model delivers an extra reason to be long-term bullish on upward price movement. Bitcoin (BTC) should cost at least $55,000 per coin according to one metric measuring its so-called “supply shock.”In a tweet on Sep. 5, analyst Willy Woo highlighted what he added is a “conservative” price estimate for BTC/USD.Bitcoin price plays catch-up with metricsWhile Bitcoin has still not established $50,000 as firm support, on-chain metrics have been much more firmly bullish for some time. Now, the so-called “supply shock valuation model” has joined them, giving a....
According to a recent CryptoQuant Quicktake post by contributor Carmelo Aleman, Bitcoin (BTC) is “still far from a true supply shock.” The analyst cited several on-chain metrics to argue that despite declining exchange reserves, the leading cryptocurrency is unlikely to face genuine supply scarcity in the near term. Bitcoin Supply Shock? Not Just Yet Since April 21, BTC has been trading within a tight range between $91,500 and $95,800, offering few signals about its next directional move. While some analysts have repeatedly highlighted a potential supply shock that could drive Bitcoin’s....
The supply shock is being unnoticed, similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo. As Bitcoin (BTC) continues trading sideways inside the $30,000–$40,000 range, new data is emerging about the potential for a bullish breakout.Is Bitcoin silently readying for a breakout like in Q4 2020? Willy Woo, an on-chain analyst, anticipates a potential supply shock in the Bitcoin market, as long-term holders continued raking BTC supply from short-term ones. Woo stated in his Friday newsletter that the process might push more Bitcoin out of circulation.The analyst referred....
Percentage of the Bitcoin supply on exchanges has dipped further down to 12% recently, as the supply shock continues to deepen. Just 12% Of Bitcoin Supply Is Now Held By Exchanges As pointed out by an analyst in a CryptoQuant post, the percentage of BTC supply stored on exchanges has now dropped down to just 12%. The all exchanges reserve is an on-chain indictor that measures the total amount of Bitcoin currently held by wallets of all exchanges. The “percentage of BTC supply on exchanges” is a metric that tells us the ratio between the exchange reserve and the total supply of....