Nabokov’s Take on the Cryptic Crash: XRP Dives, Bitcoin Blinks
This latest dip, oh so subtle, coincides with traders reducing their risk exposure before the grand speech of Federal Reserve Chair Jerome Powell at the Jackson Hole symposium on August 23. On-chain data, those cryptic hieroglyphs of the digital age, revealed a significant movement: nearly 12,000 BTC were transferred to exchanges, a clear sign of profit-taking near recent all-time highs. When large amounts of Bitcoin waltz into exchanges, it often whispers the intentions of the whales-those colossal creatures of the crypto sea-suggesting they might be preparing to sell. 🐳