Binance’s XRP holdings have fallen to the lowest level since February 2024, with about 500 million XRP leaving the exchange in less than a year. A CryptoQuant contributor said Binance’s average monthly XRP reserves declined from about 3.1 billion in November last year to about 2.6 billion now. XRP rose about 30 percent over the past month even as Binance-held XRP fell. The report also cites possible impacts from spot XRP ETFs launched in November-December.

An on-chain signal suggesting the bitcoin market may be entering the final stage of a bear market has been detected, an analysis said. The signal formed as the average purchase price of short-term holders fell below that of long-term holders, resembling patterns seen in the later part of past bear markets. Analyst Darkpost said the crossover does not confirm a price bottom. A bullish shift would require an upward crossover, he said.