Bitcoin, Ethereum, and XRP surged after a US-China trade truce, with whale accumulation signaling growing institutional confidence.
BTC faces conflicting signals—whale buying supports upside, but a rising wedge pattern hints at a potential pullback to $91,000.
Ethereum and XRP broke out of falling wedges, with whale wallets accumulating heavily and setting sights on $3,515 and $3.48, respectively.
Whale wallets are showing renewed confidence in Bitcoin, signaling a potential breakout as retail traders exit the market.
According to fresh data from Material Indicators, large entities—those placing orders between $100,000 and $10 million—have sharply increased their buying activity over the past 48 hours.
Ethereum’s onchain data reveals a major shift in sentiment among mega-whales—entities holding over 10,000 ETH, according to Glassnode data.
Since late April 2025, the net position change (green bars) has trended strongly positive, indicating sustained accumulation. Correspondingly, the total ETH supply held by these wallets (purple line) has risen to a new local high of over 40.75 million ETH.
Onchain data from Glassnode shows the number of XRP addresses holding at least 10,000 tokens has steadily risen to nearly 300,000 — an all-time high. This trend highlights ongoing accumulation among larger holders, despite the recent price surge from under $0.70 to over $2.