XRP trades near $1, its weakest 2026 level, yet on-chain data shows improving health: declining exchange-held supply, positive whale flows, and $243M in ETF inflows since April.
Bitcoin's price dropped below $60,000, driven by spot selling, ETF outflows, and macroeconomic pressures, with on-chain data indicating a demand failure and potential structural bear market territory.
Bitcoin's Sharpe ratio has dropped to -20, a level historically associated with major bottoms. Exchange reserves are down, while demand from accumulator addresses has surged, indicating potential long-term accumulation.
Bitcoin rose nearly 12% in April, marking its second positive month since September 2025, even as geopolitical tensions in the Middle East escalated and on-chain demand metrics showed signs of contraction.
On Apr. 22, Bitcoin price registered an intraday high of $79,485 as broader risk assets bounced on relief from a ceasefire. On-chain data frames Bitcoin's (BTC) approach to $80,000 as a behavioral tripwire, a ceiling built from the breakeven psychology of recent buyers. Glassnode says BTC has reclaimed the True Market Mean at $78,100, a […] The post Bitcoin faces wall near $80k as recent buyers rush to get out as ceiling stays hot appeared first on CryptoSlate.
