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accumulate

Illiquid Supply (Glassnode)
GameFi Guides

Bitcoin Illiquid Supply Hits Record 14.3M as Long-Term Holders Continue to Accumulate

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Bitcoin’s illiquid supply—the portion of coins held by entities with little history of spending—has climbed to a new record high, surpassing 14.3 million BTC in late August, according to Glassnode.

With 19.9 million BTC currently in circulation, around 72% of the total supply is now illiquid, held by entities such as long-term holders and cold storage investors. This growth highlights a sustained accumulation trend, even during recent market volatility.

In mid-August, bitcoin hit an all-time high of $124,000 before retreating roughly 15%. Despite the price pullback, the illiquid supply continued to rise, showing that holders remain undeterred by short-term corrections.

Over the past 30 days alone, the net change in illiquid supply has increased by 20,000 BTC, underscoring persistent investor conviction.

The ongoing increase in this category suggests tightening supply dynamics that could set the stage for renewed momentum once sentiment recovers. For now, the trend reflects growing confidence in bitcoin as a long-term store of value.



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ripple xrp xrpusd
Crypto Trends

XRP Holds $2.80 Support as Whales Accumulate Nearly $1B: Could this Be Start to $4?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP has managed to hold its $2.80 support despite a sharp 4% drop over the past 24 hours, falling from $2.85 to $2.75 in the Aug. 31–Sept. 1 trading session.

The sell-off was fueled by institutional liquidations totaling $1.9 billion since July, but whale investors took the opposite stance, scooping up 340 million XRP worth nearly $962 million during the dip.

This accumulation suggests that large holders view current prices as a strategic entry point, even as short-term traders exit positions. Data also shows $268 million in XRP leaving exchanges, reinforcing the view that long-term investors are tightening supply in anticipation of future gains.

Technical Setup Points XRP Toward $4

From a technical perspective, XRP’s immediate support lies between $2.75–$2.77, with resistance seen at $2.80–$2.87. Analysts note that a close above $2.87 could open the path toward $3.30, a critical breakout zone that could trigger further momentum.

The XRP Price moving sideways on the daily chart. Source: XRPUSD on Tradingview

Momentum indicators back the bullish case. The Relative Strength Index (RSI) has dipped into oversold territory, while MACD compression hints at a potential bullish crossover.

On the charts, XRP is consolidating inside a symmetrical triangle pattern, similar to formations that preceded explosive rallies in 2017. Liquidity maps show clusters of activity extending to $4.00, indicating possible targets if the breakout materializes.

Whales Diverge From Institutional Selling

The contrasting behavior between whales and institutions is shaping market dynamics. While institutions have offloaded nearly $2 billion in XRP since July, whale absorption of 340 million tokens suggests confidence in the token’s longer-term trajectory.

Funding rates have also flipped positive, and open interest in XRP derivatives now stands above $8 billion, signaling that traders are positioning for upward moves. If buying pressure holds and September’s seasonal weakness is overcome, XRP could mount a recovery rally toward the $4 region.

Bottom Line

XRP’s ability to defend $2.80, supported by nearly $1 billion in whale accumulation, strengthens the case for a potential breakout. If resistance levels fall, a run toward $4 may be closer than many expect, though September volatility and regulatory headwinds remain key risks.

Cover image from ChatGPT, XRPUSD chart from Tradingview

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(CoinDesk Data)
NFT Gaming

XRP Bullish Patterns Point to $5 as Korean Buyers Start to Accumulate

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News Background

  • XRP fell sharply alongside broader market weakness, retreating 4.3% in the 24-hour session from August 28 at 13:00 to August 29 at 12:00.
  • On-chain data showed Korean exchanges absorbing 16 million XRP (≈$45.5 million) during the selloff, pointing to regional institutional demand even as retail wallets reduced exposure.
  • South Korea has historically been a driver of speculative crypto trading, often leading price action in certain altcoins (sometimes called the “Kimchi Premium” effect).
  • If large wallets associated with Korean exchanges or institutions are accumulating at support, it suggests regional demand is stepping in to absorb retail selling pressure, effectively putting a floor under XRP.
  • For global traders, that sets up a narrative of distribution vs. accumulation: while some whales were moving $200 million in DOGE to Binance (a distribution signal), Korean desks were adding XRP exposure (an accumulation signal).
  • XRP Ledger activity picked up, with active addresses climbing 20% in three days ahead of the Sept. 12 Decentralized Media launch.
  • Chinese fintech firm Linklogis integrated its trillion-dollar supply-chain financing platform with XRP Ledger, boosting its equity 23% and underscoring enterprise adoption.

Price Action Summary

  • XRP slid from $3.02 to $2.89 in the 24-hour window, a 4.30% decline across a $0.17 (5.75%) range between $3.02 peak and $2.85 low.
  • Heavy selling at 15:00 GMT on Aug. 28 drove prices down to $2.77 on 96.19 million volume, more than double the 24-hour average of 43.48 million.
  • Buying support emerged at $2.85–$2.86, with volumes above baseline during the 07:00–09:00 GMT recovery push on Aug. 29.
  • In the final hour (11:56–12:55 GMT), XRP bounced from $2.87 to $2.89, touching $2.91 at 12:31 on a 19.6 million spike.

Technical Analysis

  • Support: Key base at $2.77, reinforced by strong volume absorption; $2.85–$2.86 now acting as an accumulation zone.
  • Resistance: $2.91 short-term cap; $3.02 remains the dominant ceiling from repeated rejection.
  • Momentum: RSI lifted from 42 (oversold) into the mid-50s, showing recovery momentum.
  • MACD: Histogram tightening toward a bullish crossover, indicative of potential upside if buyers sustain pressure.
  • Patterns: Symmetrical triangles and double-bottom setups align with a broader cup-and-handle formation that some analysts see extending toward $5–$13 targets.

What Traders Are Watching

  • Whether $2.85–$2.86 support continues to hold against renewed selling.
  • A confirmed break above $3.02–$3.04 resistance as the first trigger for a run toward $3.20.
  • Downside risks open if $2.77 fails, with $2.70 as the next support.
  • Institutional accumulation on Korean exchanges and corporate flows remain the key driver for sustaining momentum into September’s event calendar.



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NFT Gaming

Dogecoin Whales Accumulate as Short-Term Holders Capitulate: What’s Going On?

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In brief

  • Dogecoin whales have accumulated 300M DOGE tokens over the past week, as short-term holders sell at a loss.
  • The profitability of investors who purchased the dog-based meme token over the past 30 days hovers around 9% after the recent crypto market correction.
  • Experts suggest this capitulation is a forced transfer of wealth from weak hands to strong ones and is bullish in the long run.

On-chain data reveals that Dogecoin whales are aggressively accumulating the meme coin at a discount as short-term holders capitulate amid major fundamental developments and price reversals.

The divergence in behavior follows a series of recent key events, including a spot ETF filing and a high-profile corporate acquisition.

A capitulation event was spotted on August 15 with 271.41 million DOGE sold at a loss, according to Santiment data.

A capitulation event is when investors sell their token at a loss amid volatile price regimes.

Dogecoin experienced a 16% correction between August 13 and 14, resulting in a local bottom formation on August 15. But retail investors, often swayed by ephemeral price moves, sold their tokens at a loss on August 15.

The profitability of short-term holders who purchased Dogecoin tokens in the past month reached 9% on August 19, further highlighting the capitulation.

Over the same period, however, whales holding between 100 million and 1 billion DOGE acquired more than 330 million DOGE at a discount, bringing their total holdings to 26.73 billion.

“This looks like the community shaking out short-term price chasers while long-term believers add to their stacks,” Jordan Jefferson, Founder and CEO of Dogecoin app layer DogeOS, told Decrypt.

However, this divergence is not a cause for concern, he argued. “Supply is moving into steadier hands that care about Dogecoin’s future rather than the daily chart,” Jefferson explained.

Dogecoin ETF incoming?

This dynamic between short and long-term holders is playing out against the backdrop of several major headlines.

On August 16, Grayscale filed an S-1 for a spot Dogecoin ETF.

Though the U.S. Securities and Exchange Commission (SEC) has since delayed its decision, this move, coupled with the announcement of a Trump family-backed company acquiring a Dogecoin mining firm, has injected both institutional legitimacy and speculative hype surrounding Dogecoin.

Jefferson believes this split is a key differentiator in how retail and institutional investors process information.

“Headlines move fast, and retail speculators chase them,” he stated, noting that whales, in contrast, “see past that, recognizing that DOGE is stepping onto institutional rails while also moving into real-world applications.”

This long-term view enables large investors to capitalize on short-term price weakness to accumulate for the future.

Rather than pointing to the future downside, Jefferson argued that the capitulation and accumulation signal a healthy consolidation phase for Dogecoin.

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