On-chain Whale Moves Revealed: BTC Breaks Support, XRP Misses the Mark, SHIB Hits Death Zero Again

A Contrasting Phenomenon Sparks Reflection

This wave of decline looks dangerous, but on-chain data shows an interesting contrast—81 billion SHIB have flowed out of exchanges into cold wallets. This isn’t panic selling; it’s whales locking up their holdings. The supply is being locked, so once the market rebounds, scarcity will drive up the price. That’s the real highlight here.

XRP: From Breakout Dreams to Technical Breakdown

Last week, XRP was dreaming of a breakout; this week, it’s a different story—down 1.7%, unable to break through $2.50.

The technicals look ugly:

• Since August, it’s fallen into a descending channel, with lower highs clearly showing bears in control
• The last attempt at $2.70 was mercilessly rejected by the 50-day moving average
• Now it’s dropped below the 200-day moving average (black line), a long-term bear market signal
• RSI is still hovering below 40, showing no rebound momentum
• Selling volume is gradually increasing

Target levels are painful: If the drop continues, first watch support at $2.20 and $2.00, and further down is the legendary $1.00 psychological level. Unless it can surge back to $2.70-$2.80 and completely reverse the trend, this bearish run is set to continue.

SHIB: The “Death Zero” Returns

SHIB was rebounding just yesterday, but quickly fell through the $0.0000099 psychological barrier. Now SHIB is struggling around $0.0000090, down 2%, and that dreaded fifth zero that retail investors fear is back.

Technical breakdown confirmed:

• The wedge bottom that’s been building since summer has been completely broken
• All three moving averages (50/100/200-day) are overhead resistance
• RSI < 40, no buying momentum at all
• Trading volume has no say

Next targets: If $0.0000100 can’t hold, the price could fall to $0.0000085, and further down to $0.0000075 (a level not seen in months). The market has gone from optimistic to cautious, and bears are feasting.

BTC: $110,000 Rebound Turns Out to Be “Illusory”

Bitcoin touched $110,000 a few days ago and was feeling good, but now it’s been knocked back to around $108,000, down 1.8%. The 200-day moving average is now blocking at $107,000, and below that is $106,000 (the earlier low this month).

What’s the issue:

• Short-term traders are cashing out on the rebound, creating downward pressure
• Institutional money is slowing, some even establishing short positions
• Derivatives data shows increasing short positions, signaling a shift in market sentiment

Key levels to defend:

• Downside: If $106,000 doesn’t hold, it could drop to $102,000 (where the 200-day and 100-day moving averages provide support)
• Upside: $112,000-$114,000 is the resistance zone above, capping the price since early October
• RSI is between 40-45, neutral, suggesting BTC may consolidate for a while before choosing a direction

Summary: All the technical signals are bearish—bears still have a story to tell.