onchaindata

Recent on-chain data by Alphractal indicates that Bitcoin’s Active Supply growth has started to plateau. In simple terms — fewer previously idle coins are being moved across the network compared to earlier phases of the cycle.
What does this mean?
Active Supply reflects how much BTC is participating in economic activity (transfers, reallocations, profit-taking, etc).
When this metric grows:
➡️ More coins enter active circulation
➡️ Market participants are repositioning
When growth slows or flattens:
➡️ Long-term holders may prefer to hold
➡️ Traders may wait for clearer direction
➡️ Overall network activity becomes more subdued
This kind of slowdown is commonly observed during:
• Consolidation phases
• Periods of uncertainty
• Transitions between broader market trends
It’s important to note that reduced activity is not inherently bullish or bearish —
it simply signals a temporary pause in participant-driven movement while the market searches for direction.
On-chain behaviour often evolves before broader sentiment narratives catch up.
For now, this points to a market becoming more cautious and selective with capital deployment.
📊 Chart Source: Alphractal
#BTC #MarketUpdate #OnChainData

$SOL is facing a decisive moment as both on-chain data and technical structure weaken heading into mid-February 2026. A sharp decline in ecosystem activity and growing sell pressure from long-term holders have placed $SOL at risk unless key support levels hold.
🔻 Liquidity Is Drying Up
Solana’s recent growth engine is losing momentum.
Weekly DEX volume dropped 20%, falling by $21.3B in just seven daysVolume declined from $95.6B to $74.3B, signaling reduced trader participationMajor Solana DEXs like Raydium and Jupiter saw weaker activityLow volume explains why recent price rebounds failed to break $89 resistance
Without strong liquidity, rallies are struggling to sustain follow-through.
🧠 Long-Term Holders Are Exiting
One of the most bearish signals comes from “strong hands.”
3–5 year holders cut their $SOL supply by 25.5% in just over a weekMid-term holders (3–6 months) reduced positions by 14.2%This synchronized exit creates heavy sell pressure in a low-volume market
When long-term conviction fades, recovery becomes harder.
📊 Technical Outlook: $84 Is the Line in the Sand
Price structure has turned fragile.
Rejection at $89 confirmed bearish momentumHidden bearish divergence on the 12H chart signals weakening strengthA strong demand zone sits at $83–$84, with ~6.44M SOL accumulated there
🔹 If $84 fails: downside targets extend to $79, then $59
🔹 To flip bullish: SOL must reclaim $89 and close above $91, opening a path toward $106
⚠️ Final Take
Solana is at a make-or-break level. Falling DEX volume, long-term holder exits, and bearish technical signals suggest risk remains elevated unless buyers step in decisively at support.
📌 As always, DYOR — volatility is high, and trend confirmation is key.
#solana #onchaindata #BinanceSquare #altcoins

I’m seeing the CryptoQuant call for a potential $55K “ultimate” bear market bottom on $BTC .
Possible? Yes.
Probable? I’m not fully convinced.
Historically, when extreme bear projections start circulating widely, we’re often closer to exhaustion than continuation. Bitcoin has survived far worse structural stress in past cycles — and long-term holder data still shows resilience beneath the surface.
Yes, on-chain metrics suggest we’re still in a broader bear phase. Yes, liquidity is tight. But structural demand hasn’t disappeared.
If we do sweep lower levels — that’s not panic territory for me. That’s discounted accumulation territory.
The key question isn’t “Can we hit $55K?”
It’s “Would that level break structure — or just reset sentiment?”
Right now, this feels more like compression than collapse.
Bear phase? Maybe. Extreme wipeout? I’m not positioning for that.
#Bitcoin #MarketStructure #OnChainData #CryptoMarket #LongTermView

ক্রিপ্টো মার্কেটে সবাই দাম দেখে।
কিন্তু স্মার্ট মানি দেখে — distribution।

২০২৬ সালে XRP holder structure আবার আলোচনায় এসেছে।
কারণ এখন মাত্র 2,232 XRP থাকলেই আপনি ঢুকে যাচ্ছেন top 10% wallet bracket-এ।

প্রশ্ন হলো —
👉 এটা কি এখনো early phase signal?
নাকি adoption already mature হয়ে গেছে?

চলুন গভীরে বিশ্লেষণ করি।
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📊 XRP Ownership Structure: What It Really Means
Blockchain distribution আমাদের বলে:

• কয়টা wallet কত XRP ধরে রেখেছে

• Retail vs whale ratio

• Accumulation phase নাকি distribution phase

যখন relatively ছোট amount দিয়েই top 10%-এ ঢোকা যায়,
তখন analystরা ধরে নেয়:

✔ Adoption এখনো peak-এ পৌঁছেনি
✔ Growth runway বাকি আছে
✔ Concentration extreme নয়

2,232 XRP বর্তমান দামে middle-class accessible range —
এটা late-stage saturation নয়।
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🔥 Market Cycle Interpretation

Crypto assets সাধারণত তিনটা বড় phase পার করে:

1️⃣ Early accumulation
2️⃣ Expansion rally
3️⃣ Distribution & saturation

XRP বহু বছর regulatory uncertainty-তে ছিল।
2025-এ legal clarity আসার পর narrative reset হয়েছে।

Distribution এখনো broad —
মানে market structure explosive phase-এর আগে থাকতে পারে।
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💎 Scarcity Psychology Effect

Ownership milestone powerful psychological trigger।

যখন investor দেখে:

“মাত্র 2,232 XRP থাকলেই elite 10%-এ”

•তখন naturally:

• Accumulation accelerate করে

• Holding time বাড়ায়

• Sell pressure কমায়

এই behavior long-term supply tighten করতে পারে।
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🌍 Institutional Angle

$XRP -এর বড় narrative:

• Cross-border settlement

• Banking integration

• iquidity bridge model

যদি enterprise adoption বাড়ে,
আজকের 2,232 XRP threshold future-এ খুব ছোট মনে হতে পারে।

Distribution balanced থাকলে network sustainability বাড়ে —
whale-dominated ecosystem না হওয়া positive sign।

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📈 What Could Change the Trend?

Future price depend করবে:

✔ Global liquidity cycle
✔ Dollar strength
✔ Crypto regulation
✔ Institutional onboarding
✔ Macro risk environment

On-chain data direction predict করে না —
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🎯 Bottom Line

XRP rich list 2026 একটা subtle signal দিচ্ছে:

• Confidence ধীরে rebuild হচ্ছে

• Broad participation এখনো alive

• Adoption fully saturated নয়

Explosive pump নয় —
বরং quiet accumulation phase।
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#XRP #XRPRichList #CryptoWealth
#OnChainData #CryptoAnalysis