Bitcoin dropped to $81,000 while whales accumulated over $1.2B BTC and 45M XRP, with technical buy signals appearing on four-hour charts.
Macro & Markets ·
Bitcoin fell below $81,000, marking its lowest point in over two weeks after declining from $87,000, while major altcoins including Ethereum and XRP also posted substantial losses. The price moves prompted large traders to make significant purchases. Whales accumulated over $1.2 billion in Bitcoin within 72 hours and increased Ethereum holdings by 0.64%, or approximately 166,000 tokens. In the XRP market, large traders bought more than 45 million tokens during the decline.
Technical indicators offered potential upside signals across the three assets. The TD Sequential flashed buy signals on the four-hour charts for Bitcoin, Ethereum, and XRP, each appearing after the respective price declines. For Ethereum, analysts suggested a recovery could reach between $2,620 and $2,650. The buy signal on XRP's chart coincided with a retracement following rejection at $1.51.
Whether whale accumulation represents conviction in near-term rebounds or longer-term positioning remains unclear, as does the sustainability of the technical signals on four-hour timeframes. The underlying reasons for the initial crash—cited as ETF outflows, government transfers, macroeconomic factors, and profit-taking—continue to weigh on market sentiment.