BTC, ETH, XRP Crash Sparks Whale Accumulation as Buy Signals Appear

Most major cryptocurrencies tanked over the past several days, led by bitcoin’s nosedive from $87,000 to under $81,000, which became its lowest price tag in well over two weeks. Large altcoins such as XRP and ETH were not spared, with the former posting a double-digit decline over the past seven-day period. The question now is what whales were doing during this time, and what’s next for the underlying assets. Some of the most probable reasons behind BTC’s crash include substantial ETF outflows, FUD initiated by big transfers from the US government, macro news, and profit-taking.