As XRP retail traders panic out of crypto, institutions accumulate billions
Smart money doesn’t take advice from social media, and I suggest you don’t either.
Institutions have begun to disproportionately accumulate crypto as retail traders panic out of their positions.
Just this morning, Michael Saylor’s Strategy announced a $1.28 BILLION crypto purchase, the leading candidate for UK Prime Minister candidate bought a stake in a crypto treasury company, Kazakhstan’s central bank is buying, and Tom Lee bought hundreds of millions of dollars worth of crypto.
Market Context
We are below the 100-week simple moving average (SMA) on XRP, and it is very clear that one group of market participants are selling – retail traders – while another group of market participants are buying.
The last few weeks have made it clear that institutional accumulation is underway, with record-breaking purchases by financial giants.
War in Iran is spiking volatility to historic levels, including a single trading day for oil from $98 to $119 per barrel. As even the world’s most-traded commodity that serves as the primary economy of entire countries whipsaws 20% within 24 hours, XRP remains under steady accumulation by smart money.
In today’s XRP Premium Analysis, I follow the smart money.
News
Bitmine Immersion 75% of way to owning 5% of ETH supply (PRNewsWire)
Nigel Farage and Blockchain.com make equity investment in Stack BTC PLC (X)
Strategy buys $1.28 billion BTC (X)
White House labels crypto and blockchain critical industries in Cyber Strategy (WhiteHouse.gov)
Members of Congress back CBDC ban (X)
Paraguay may redeploy seized mining rigs for government bitcoin mining (DLnews)
Florida passes stablecoin framework to governor (X)
Vancouver council blocks mayoral proposal for BTC reserve (Council.Vancouver.ca)
Washington man sentenced to 2 years for $35M crypto theft (Justice.gov)
Binance denies crypto transfers to Iran (Coindesk)
Strike receives BitLicense (Businesswire)
Blockchain.com expands operations into Ghana (PRNewswire)
Kalshi and Polymarket targeting $20B valuations (WSJ)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
XRP Premium Analysis
Honestly, when I look at this whole oil situation in the Middle East, it seems very largely like a manufactured catastrophe, in my opinion.
I’m going to explain exactly what institutions are doing right now, which really has me, honestly, concerned about what is going on.
What we have been tracking in the Crusaders community is smart, institutional capital allocators inside of crypto specifically, who have been…