Bitcoin Whale Activity Intensifies as XRP Shows Signs of Reversal

A significant transfer of 1,000 BTC from a long-dormant whale wallet has been recorded on-chain data. This transaction adds to the total amount of 3,500 BTC transferred since November 2024, with an estimated $330 million in realised profit for the wallet.

The wallet, which began accumulating around 13 years ago, reportedly purchased Bitcoin at an average price of $332 per BTC and sold it at an average price of around $94,786. This transaction activity is not limited to this wallet alone, as early investor Owen Gunden has also sold another 650 BTC worth about $46.3 million on Wednesday.

Meanwhile, the XRP price analysis suggests a potential bullish reversal for the altcoin. Technical indicators point to an Adam and Eve pattern forming, which could lead to a massive rally in the short term. The network fundamentals have strengthened, with XRP wallet addresses hitting a record 7.7 million and daily active users rising to a five-week high.