Market Makers

RLUSD on‑chain liquidity has surged even as Glassnode metrics show a large share of XRP holders sitting at unrealized losses. This piece unpacks the mechanics, price‑floor implications, and how evolving privacy guidance could reshape behavior.

In 2026 the ETF era forced a dramatic reallocation of BTC holdings — a sell-off that some call a ‘purification’ of weak hands. This article parses that thesis, examines large accumulators (Strategy/Michael Saylor), market‑maker inventory signals (Jane Street nuance), and what the flow picture means for liquidity and price discovery going forward.

A deep analysis of the drivers behind Bitcoin’s recent crash and volatile swings, synthesizing on-chain inflows, market-maker behavior, ETF flows, and macro liquidity risks with actionable signals for traders.