The crypto market staged a recovery rally on Monday, with Bitcoin reclaiming the $65,700 level, XRP pressing against a key technical resistance, and Shiba Inu seeing a notable exodus of large private holders. A combination of aggressive whale accumulation, easing geopolitical fears, and cautious positioning ahead of this week’s FOMC meeting shaped the day’s narrative.
Bitcoin Whale U-Turn Triggers Supply Shock
According to data from CryptoQuant, a dramatic shift in whale behavior has created an acute supply shortage on exchanges. Analyst Woominkyu noted that after a 12‑day downtrend, large holders reversed course and began aggressively buying near the $61,453 level. The Inflow CDD metric, which reflects selling of old coins, collapsed from 2.16 million to just 33,000, signaling that long‑term investors have effectively locked their wallets.
The Exchange Whale Ratio surged to 62.3%, indicating that more than 11,400 BTC (around $700 million) was withdrawn from trading platforms into cold storage within a matter of days. This exodus fueled an immediate supply shock that pushed Bitcoin’s price back to $65,704.89. The $60,000–$61,500 zone now acts as a “reinforced concrete price floor,” with analysts describing the market as cleared of weak hands and the path of least resistance pointing upward.
XRP Compresses Inside Symmetrical Triangle
XRP’s hourly chart is honing in on a symmetrical triangle pattern, with price testing the $1.13 mark. Analyst Ali Martinez highlighted that a breakout could trigger a rapid move. The coin’s market capitalization has climbed to $70 billion, underpinned by daily volumes of $1.5 billion and heavy accumulation by whale addresses.
Fundamentally, Ripple CEO Brad Garlinghouse stated on CNBC that the firm is targeting a new all‑time high and is preparing to obtain a full U.S. banking license. Meanwhile, real‑world asset tokenization on the XRP Ledger is accelerating. Still, significant sell‑side liquidity near $1.20 may lead to temporary pullbacks toward $1.11, turning the path to the psychologically important $1.50 target into a volatile battle.
Shiba Inu Whales Vanish, Exchanges and Market Makers Fill the Void
On‑chain data from Arkham Intelligence reveals a sharp decline in Shiba Inu whale activity. After a massive inflow of over 1.8 trillion SHIB on June 3, transaction volumes from large private investors dwindled to modest levels. Over the past week, the main token flows were dominated by exchanges and institutional market makers. Binance’s cold wallet received a staggering 24.45 trillion SHIB ($114.93 million), while Wintermute’s deposit address took in 350.9 billion SHIB and its hot wallet added nearly 240 billion more.
SHIB’s daily volume‑to‑market‑capitalization ratio has collapsed to just 2.78%, confirming the classic summer lull. Independent whales have moved to the sidelines, leaving order books sustained primarily by technical transfers from Binance and Wintermute.
Macro Overhang: FOMC and Peace Treaty
The broader recovery remains fragile. The Federal Reserve’s FOMC decision and press conference on June 17 are expected to be the main trigger for markets this week. Any hawkish signals on inflation or a higher‑for‑longer rate path could instantly erase recent gains. Adding to the uncertainty, the official signing of a Middle East peace agreement on June 19 in Switzerland is awaited; a successful deal would boost risk appetite, but until then the Fear and Greed Index sits at 20 (extreme fear), reflecting lingering caution.
