XRP supply dynamics have shifted, with data showing about 1.6B XRP leaving exchanges over the past two weeks. Since April, total XRP held on exchanges has fallen from roughly 12.9B to 11B. Over the same period, spot XRP ETFs have accumulated around 1.16B tokens, moving supply away from venues where it can be sold immediately.

Bitcoin pushed through a $85,000 sell wall that had repeatedly capped earlier advances, then set an intraday high at $87,000. Glassnode said some sell orders were filled and the rest withdrawn, leaving thinner visible sell-side liquidity above $87,000. The market is also showing an accumulation pattern similar to formations seen in March and April 2025 that preceded sharp rallies. Traders have now raised their target to $100,000.

U.S. Commerce Department data showed August PCE inflation rose 3.4% year on year, below the 3.7% forecast, while core PCE came in at 3.0% versus expectations of 3.3%. Inflation-adjusted consumer spending, meanwhile, posted its biggest monthly increase since March 2025, rising 0.6% on the month. The mix of easing inflation and resilient demand has left the Federal Reserve’s policy path unclear, keeping bitcoin trading in a choppy, wait-and-see pattern.

Cardano’s ADA rose about 23% in September but is now facing a cluster of bearish signals. Over the past week, futures open interest fell 9% from nearly $2 billion to about $1.81 billion. Since September 20, large holders have sold 90 million ADA worth around $22.5 million, while the token’s valuation has dropped 10% over the same period. Analysts highlight $0.24 as a key midrange support, with a break potentially opening the way to $0.21.

Bitcoin’s market is showing multiple fatigue signals, with on-chain traders’ unrealized profit margin rising to 33%, the highest since December 2024—levels that have historically coincided with selling and downside pressure, according to CryptoQuant. Profit-taking has begun, with 25,700 BTC realized in profits on September 22nd, the largest single-day total of 2026. Demand is also cooling, as apparent spot demand shrank by 170,000 BTC over the past 30 days and futures demand growth slowed from 164,000 BTC on September 14th to 16,000 BTC currently. Key support levels cited include the 365-day moving average near $80,000, the 200-day moving average around $71,000 and traders’ realized price at $67,000.

Data tracking shows daily large XRP outflows from major exchanges—transactions exceeding 1 million XRP—surged to more than 320 million XRP, the highest level on record. Binance led the outflows, while Coinbase, Upbit, Bitget and Bybit also saw heavy outflows. Analysts noted that a similar spike occurred in August, after which XRP rose from $1.05 to $1.50.

Bitcoin briefly broke above $85,000 as Ether rallied sharply, triggering $60 million in short liquidations within 15 minutes. The move followed U.S. GDP coming in well above expectations at 2.2%. Core PCE inflation also fell to a six-month low, a combination of data that supported risk-asset buying.

Bitcoin posted its highest daily close since January at $86,607, supported by $2.38 billion in ETF inflows. The weekly inflow total was the largest since October 2025. The figures were published in Bitfinex Alpha’s Issue 224 market weekly, according to the report.