XRP Surges 5% as Bitcoin Stages Comeback from Macroeconomic Pressure
Crypto markets roar back to life—XRP leads the charge with a 5% rally while Bitcoin shakes off its macro-induced hangover. Traders cheer, regulators yawn.
XRP's sudden jump defies the usual mid-summer slump, proving once again that crypto laughs at 'seasonality' like Wall Street laughs at retail investors.
Meanwhile, Bitcoin's recovery comes just in time—another week of red would've had maximalists rewriting their 'number go up' theology. The king isn't dead, just catching its breath between institutional tantrums.
Funny how these 'uncorrelated assets' still tremble at Fed whispers. Maybe Satoshi should've coded a 'don't look at CPI' function.
On-chain data shows continued demand
Despite the recent dip, market analysts remain optimistic about Bitcoin’s long-term future.
Abramchart, a contributor at CryptoQuant, emphasized that Bitcoin’s bull run is far from over, as long-term holders (LTHs) continue to display confidence in the top crypto.
According to the analyst, the Net Unrealized Profit/Loss (NUPL) indicator has stayed above 0.5, signaling that bitcoin is still profitable for many investors.
Supporting this view, Darkfost, another analyst, noted that demand for Bitcoin remains strong.
He pointed out that addresses accumulating Bitcoin without selling are increasing, with an average of 50,000 BTC accumulated by these addresses over the past month. This sustained buying behavior supports the notion that demand for the asset remains robust.
Moreover, a chart tracking “apparent demand,” which compares new Bitcoin issuance against the volume of coins inactive for over a year, shows a positive trend.
Over the past 30 days, around 160,000 BTC have been absorbed by long-term holders, further confirming market resilience.
WeFi’s Sakharov concluded that these patterns suggest Bitcoin’s recent correction is merely part of the broader cycle. He remains confident that the asset is on track to reach new highs, driven by structural demand and long-term investor conviction.
