XRP has experienced a significant decline in recent weeks, losing 18.3% of its value and trading well below its peak of $3.40. Despite this, on-chain data reveals a mixed picture, with declining activity in the XRP Ledger and futures market but resilience in price. The altcoin's price has only corrected by 35% compared to other assets like Ethereum, which fell 60% during the same period. Additionally, the decreasing Exchange Reserve suggests fewer tokens available for immediate sale, potentially supporting prices. Institutional developments, such as the launch of Asia's first XRP Tracker Fund by HashKey Capital, backed by Ripple, aim to attract more institutional capital into the XRP ecosystem. While XRP faces near-term pressure, long-term developments and rising institutional interest may support its recovery as the broader market stabilizes.
On-chain data from Glassnode reveals that the largest Bitcoin investors, known as "mega whales," have been accumulating BTC since March, while other cohorts have yet to follow suit. The Accumulation Trend Score, which measures buying and selling activity, shows that the mega whales have reached a score of around 0.7, indicating strong accumulation. The rest of the market has been easing up its distribution but has not yet moved into accumulation territory. The 10 to 100 BTC investors are closest to accumulation, with a score of 0.5. Whether the other cohorts will catch up with the mega whales remains to be seen.
Bitcoin's price action remains range-bound near the $84,000 mark, showing limited upward momentum despite broader market interest. Analysts are drawing parallels between the current market behavior and the 2024 correction period, suggesting that speculative excesses may have largely subsided. CryptoQuant analyst Crypto Dan observed that the percentage of Bitcoin supply held for one week to one month has reached a region previously associated with market bottoms, indicating a potential shift in market sentiment. Additionally, substantial activity from mid-term holders, as highlighted by CryptoQuant contributor Mignolet, suggests increased price volatility may be on the horizon.
The Cardano (ADA) price is exhibiting signs of recovery after a period of sluggish performance, with analysts predicting a potential surge toward $1.7. Large spot purchases from institutional investors and positive political developments are fueling ADA's momentum. The US Federal Reserve's upcoming FOMC meeting and broader macroeconomic signals could further influence the Cardano price. A bullish long trade setup on the 4-hour timeframe, supported by multiple take-profit levels, has been identified. However, macroeconomic uncertainty, particularly the US-China trade war tensions, remains a challenge for ADA's sustained rally.
Bitcoin (BTC) may be nearing the end of its price correction phase and could experience positive movement in 2025, according to a CryptoQuant analysis. The ratio of BTC held for less than one week to one month, an indicator of market overheating, has reached a cycle low similar to the one observed in 2024, suggesting a potential market bottom. Additionally, a golden cross formation on the daily chart signals a possible trend reversal. However, some analysts remain cautious due to declining futures sentiment and the potential for China to sell confiscated BTC, which could suppress prices in the short term.
A debate has emerged within the cryptocurrency community regarding the validity of using Global M2 money supply data to predict Bitcoin price movements. Some influencers claim that a recent expansion in Global M2 signals an imminent rally in Bitcoin, while others argue that the data is misleading and subject to manipulation. Criticisms include the infrequent updates of Global M2 data, the use of arbitrary time offsets to force correlations, and the heavy influence of exchange rate fluctuations. The accuracy and relevance of such predictions are questioned, emphasizing the need for caution and critical analysis when making investment decisions based on market data.
Bitcoin has entered oversold levels, but analyst Dr. Cat warns that this is a bearish, not bullish, development. He explains that oversold conditions indicate extreme bearish price action and that buying an oversold condition on a lower timeframe when Bitcoin's higher timeframe is bullish is a good move. However, buying a weekly oversold chart based on the claim that it is bullish is a misconception. Dr. Cat also points out that many altcoins are oversold on the higher timeframe and can remain oversold as they approach zero. CryptoQuant CEO Ki Young Ju supports this view, revealing that Bitcoin's supply is currently greater than its demand. Additionally, Crypto analyst Ali Martinez reports that whales have been taking profits during the recent Bitcoin rally. At the time of writing, the Bitcoin price is trading at around $84,600, down in the last 24 hours.
Codename:Pepe, a new meme coin, has emerged as a potential 100x investment opportunity by 2026, according to SHIB millionaires. Unlike other meme coins, Codename:Pepe utilizes real artificial intelligence to track market trends, scan social sentiment, and deliver actionable insights. It also features a fully automated AI trader that executes smart trades based on real-time data, offering passive income potential for holders. The project has passed an audit by Pessimistic, a leading blockchain security firm, and is currently in the sixth stage of a 28-round presale, with a token price of $0.006666. Codename:Pepe stands out in the meme coin space with its focus on code, community, and the right amount of chaos. While established memecoins like SHIB face limited short-term potential, Codename:Pepe presents an intriguing opportunity for substantial returns before 2026.
Strategy chairman Michael Saylor's recent enigmatic tweet, "Bitcoin is Calling," has sparked speculation within the crypto community about a potential major purchase. The company has been aggressively acquiring Bitcoin despite market conditions, with its shares outperforming major technology stocks. Saylor, a vocal proponent of Bitcoin, has made several provocative statements about the cryptocurrency's utility and unique characteristics. Strategy's continued focus on long-term Bitcoin acquisition has investors and crypto enthusiasts eagerly anticipating another significant purchase.