Foreign media reports indicate that the crypto market remained directionless around the weekend. XRP entered a period of consolidation, while SHIB saw significant net outflows from exchanges. Meanwhile, Bitwise CEO Hunter Horsley attributed the industry's primary risk to a long-term lack of interest from traditional capital, rather than technological threats.
XRP Approach Direction Selection Range
The article states that the narrowing Bollinger Bands on different timeframes for XRP typically indicate a potential for greater price volatility. Based on the two scenarios outlined in the article, if buying pressure continues, the price could potentially rise to $1.34, then $1.41, and further potentially test $1.50.
However, another scenario also exists. The article mentions that, from a longer-term perspective, sellers still dominate, and if XRP cannot hold its current range in the coming weeks, it could fall back to $0.93, or even lower in extreme cases. The article also notes that the anticipated vote in the US Senate on the Clarity Act has become one of the background factors driving some funds' focus on XRP.
SHIB experienced a large net outflow.
The article cites Arkham data, stating that SHIB saw a net outflow of 1.91 trillion coins from centralized exchanges within 24 hours, a new record. The article states that this outflow primarily originated from several large platforms and related addresses, including Binance, Robinhood, Wintertermute, BitGo, and Coinbase.
According to the article, if a large number of tokens leave the trading platform, the available sell orders will decrease in the short term, and the pressure on the trading book will also decrease. In this situation, as long as buying pressure rebounds, the price may rebound more quickly. The article lists $0.000006 as a recovery level worth paying attention to.
Bitwise discusses greater obstacles in the industry.
Bitwise CEO Hunter Horsley stated that the real, bigger problem than technical vulnerabilities or industry debates is the continued lack of interest in crypto assets from the traditional financial system as a whole. He contrasted this with the fact that global assets such as stocks, bonds, real estate, and gold are far larger than the crypto market, which has a combined market capitalization of only about $2 trillion.
The article states that Horsley's core argument is that if the industry wants to attract larger-scale funding, it cannot remain at the level of internal discussions but needs to launch more attractive products that can be understood and used by mainstream capital. He cited Hyperliquid as a representative example of this innovation in his speech.
Bitcoin is somewhat opinionated.
The article also mentions that Bitcoin is currently hovering around $62,725 and links market liquidity pressures to SpaceX's potential financing needs, suggesting that some institutions may sell digital assets to free up cash. However, this part is more of an opinion, and the article also cites Glassnode's on-chain data, stating that over 10 million BTC are in an unrealized loss state.
Overall, this article is not a report on a single event, but a concentrated analysis of several market signals: XRP focuses on the direction choice after volatility convergence, SHIB focuses on supply changes after exchange outflows, and the industry continues to face the problem of insufficient participation from mainstream capital.
