CryptoQuant data shows Binance’s XRP reserves have plunged by about $640 million, potentially tightening available supply; as of Oct. 6 the exchange held roughly 3.02 billion XRP.
Bitcoin slid under $95,000 as panic selling swept the market. Traders are watching for a potential U.S. liquidity injection of up to $300 billion expected within days and into mid-December.
Bitcoin slipped under $100,000 to $99,292.36, down 2.26% in 24 hours amid a surge in trading activity. High turnover contrasts with signs of drying liquidity, raising volatility concerns.