Overview
- Bitcoin hovered in the mid-to-high $60,000s after a brief push toward $68,000, still below key moving averages and locked in a corrective lower-highs pattern.
- On-chain data show roughly $8.24 billion in whale-held BTC flowed into Binance over 30 days, signaling large-holder repositioning that could influence the next move.
- Ethereum traded under $2,000 as analysis reported every major whale cohort now in unrealized losses, reinforcing a fragile technical backdrop.
- XRP held near $1.40 with exchange metrics showing about 200 million tokens withdrawn from Binance over ten days, reflecting shifting custody alongside thin liquidity.
- The FOMC minutes warned inflation progress may be slower and rate cuts are not imminent, pressuring risk assets as traders look to the PCE print for the next catalyst.