Bitcoin, Ethereum, and XRP Show Mixed Signals Amid Small-Wallet Selling and Market Uncertainty
Small-wallet holders in Bitcoin (less than 0.01 BTC), Ethereum (less than 0.1 ETH), and XRP (less than 100 tokens) have recently reduced their holdings by approximately 0.36%, 0.90%, and 1.38% respectively. According to Santiment, price movements often move opposite to the behavior of small wallets, suggesting that current selling might be a panic reaction that could precede a market recovery.
Bitcoin has declined by 2.3% over the past 24 hours, trading around $91,510.80 according to Coingecko. Illia Otychenko of CEX.IO noted early signs of stabilization in Bitcoin with decreasing selling pressure and bullish divergences on lower timeframes, indicating the possibility of a short-term rebound. However, Otychenko cautioned that a broader recovery in altcoins is unlikely without new macroeconomic catalysts, and any bounce may be modest.
On the other hand, Georgii Verbitkii of TYMIO pointed out that Bitcoin exhibits more structural weaknesses compared to many altcoins and could trend lower toward the $80,000–$77,000 range, while some altcoins have shown resilience.
From a prediction market standpoint, Myriad (owned by Decrypt’s parent company Dastan) assigns a 32% probability that Bitcoin will reach $115,000 before dropping to $95,000, and a 47% probability that Ethereum will hit $4,000 before falling to $2,500.
Among notable altcoins, Starknet has gained 31% and Zcash 11%, indicating selective strength relative to Bitcoin in the current market environment.
