Bitcoin reached $82,000 on the back of the Clarity Act Senate vote before reversing sharply, and the level where the rally stopped was not arbitrary.
XRP has dropped approximately 2% on the day and broken below every moving average on the hourly chart, but the on-chain data behind the move describes one where whale selling pressure has not yet turned aggressive.
Bitcoin reached $82,000 on the back of the Clarity Act Senate vote before reversing sharply, and the level where the rally stopped was not arbitrary.
CoinMarketCap's weekly top gainers list for the week ending May 15 shows two separate stories running simultaneously inside the same table.
Two assets near historically low exchange supply levels are moving in opposite directions, and the netflow charts explain why.
Ondo Finance's ONDO token gained 50% in a week, reaching $0.40 with a market cap approaching $2 billion.
Bitcoin shorts swept, leverage flushed, realized profits positive for the first time since January, and 245K holders gone in five days, every condition that preceded the 2024 bull run appeared simultaneously this week.
XRP broke two confluent supports simultaneously on May 7 and derivatives participation near October 2024 lows confirms the move was not a leveraged selloff - it was buyers stepping away.
XRP's price is hovering around $1.44 as of March 21, up 3.15% on the week but still struggling to reclaim meaningful technical ground.
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