BTC, ETH, XRP Crash Sparks Whale Accumulation as Buy Signals Appear

It was a tough week for the crypto markets, but here are the good news. Most major cryptocurrencies tanked over the past several days, led by bitcoin’s nosedive from $87,000 to under $81,000, which became its lowest price tag in well over two weeks. Large altcoins such as XRP and ETH were not spared, with the former posting a double-digit decline over the past seven-day period. The question now is what whales were doing during this time, and what’s next for the underlying assets. The BTC Case Some of the most probable reasons behind BTC’s crash include substantial ETF outflows, FUD initiated by big transfers from the US government, macro news, and profit-taking. It’s worth exploring what whales did during this time of distress, and Ali Martinez pointed to a growing accumulation spree. In a recent video on X, the popular analyst said these large market participants pressed the buy button hard on bitcoin, adding over $1.2 billion worth of the asset to their holdings in 72 hours. In another bullish post, he explained that the TD Sequential has finally flashed a buy signal for the cryptocurrency on the four-hour chart. This came after the asset crumbled by 7% in a few days and hints at...