CryptoQuant

The decrease in activity of large XRP holders on Binance and the reduction of leverage indicate changes in the market. Details in the article.

Analysis of Bitcoin's movements and its potential prospects amid changes in market cycles.

Large Bitcoin holders have started accumulating the asset again after months of selling, signaling the potential for a bullish cycle.

XRP withdrawals from exchange operations have risen to 320 million tokens, similar to August.

CryptoQuant has highlighted the area around $90,000 as a potential zone of increased seller activity

CryptoQuant's head Ki Young Ju believes that the Bitcoin market structure has significantly changed compared to previous cycles.

In the past month, approximately 1.6 billion XRP have been transferred to Binance from large holders' addresses. CryptoQuant notes that this is the highest volume of such transfers in six months, but whale activity itself does not confirm an intention to sell the coins.

CryptoQuant analysts signal the end of Bitcoin's bearish phase, with current STH profits amounting to $168 billion.

In August, the spot trading volume on crypto exchanges reached $75 billion, signaling a potential new bull market.

CryptoQuant named $81,700 as the key level for confirming the BTC bull market.