A fresh cluster of on-chain and fund-flow data is feeding a familiar XRP 
market question: are buyers using the recent weakness to accumulate? New 
figures highlighted by CryptoQuant contributor Darkfost suggest that Binance 
withdrawal activity has surged just as spot XRP ETFs continue to absorb 
capital despite the token’s pullback. XRP Accumulation In Progress? Darkfost 
framed the move against a broader altcoin backdrop that still looks selective 
rather than expansive. “Despite a period of uncertainty that has been quite 
detrimental to the cryptocurrency market, altcoins are starting to show some 
early signs of resilience,” he wrote. “Total3, which represents the market 
capitalization of altcoins excluding Ethereum, is currently consolidating 
within a range between $640B and $740B, with a performance of around +11% 
since the beginning of February.” That matters because his XRP read is not 
based on a broad-based altcoin revival. It is based on capital concentration. 
As Darkfost put it, “despite a complicated macroeconomic environment and still 
limited market liquidity, a portion of capital remains positioned in 
altcoins.” But with liquidity still constrained and the listed universe of 
tokens continuing to expand, he argued that “asset selection is becoming 
increasingly important.” Within that framework, XRP has started to stand out. 
A CryptoQuant chart tracking XRP Ledger exchange withdrawal transactions from 
Binance shows several sharp spikes in recent weeks, with the most notable move 
exceeding 14,000 transactions on March 6. Those bursts came while XRP’s USD 
price remained under pressure, a pattern some traders often read as coins 
leaving exchange inventory rather than moving onto venues for sale. Related 
Reading: Why XRP’s Long-Term Vision Lies In The Internet Of Value Stack 
Darkfost was careful not to overstate the signal, but his interpretation was 
clear. “At the moment, a few positive signals are emerging around XRP,” he 
wrote. “The number of XRP withdrawal transactions on Binance has shown several 
sudden spikes in recent days, including more than 14,000 transactions on March 
6. This type of movement may indicate that some investors are accumulating and 
then choosing to transfer their tokens to private wallets rather than keeping 
them on the exchange.” The second leg of the story is ETF demand. Bloomberg 
ETF analyst James Seyffart said spot XRP products “have actually held up 
pretty well despite the massive pullback in price” and have taken in roughly 
$1.4 billion in cumulative inflows since launch. A Bloomberg Intelligence 
chart shared by Seyffart shows flows rising from about $150 million on Nov. 
13, 2025 to $1.44 billion by March 4, 2026, suggesting that allocations 
continued even as market conditions became less forgiving. Related Reading: 
Why XRP’s Infrastructure May Be Positioned For The Tokenisation Boom Seyffart 
also pointed to the limited visibility around who exactly is buying. “Who are 
these buyers/holders?” he wrote. “Well we only know a small portion of them 
because the vast majority don’t file 13Fs. But here are the holders as of 
12/31/2025.” The Bloomberg Intelligence holder table shows Goldman Sachs Group 
at the top with $153.8 million in exposure, equal to 83.6 million XRP. 
Millennium Management follows with $23.1 million and 12.5 million XRP, while 
smaller positions appear across firms including Citadel Advisors, Jane Street, 
DRW Securities and others. That combination is what gives the current XRP 
setup its edge. On one side, there is exchange-withdrawal activity that may 
point to coins moving off Binance and into private wallets. On the other, 
there is steady ETF absorption and at least some evidence of institutional 
exposure building through traditional reporting channels. At press time, XRP 
traded at $1.3768. Featured image created with DALL.E, chart from 
TradingView.com

XRP Accumulation Signal? Binance Withdrawals Jump, ETF Demand Grows

AI scaling drains trillions in energy while amplifying errors. Neurosymbolic 
reasoning and decentralized cognitive systems deliver reliable intelligence 
without the risk.

Scaling next generation AI is making it riskier, not better

Bitcoin is holding up near the upper $60Ks–$70K region despite a sharp macro 
shock, showing relative resilience versus equities and other risk assets. 
Related Reading: Bitcoin Reclaims $70,000 as Iran War Jitters Ease and 
Volatility Cools Bitcoin Is Resilient Enough Bitcoin appears to have passed 
the first stress test of the Iran shock and its aftermath. As we covered 
yesterday, Bitcoin snapped back above $70,000 after Iran war jitters eased, 
oil backed off its spike, and derivatives stress started to cool, turning a 
brutal liquidation into a fast‑acting relief rally. Since then, BTC has 
absorbed another wave of macro nerves, briefly sliding below $63,000 on the 
latest risk‑off flush before clawing its way back into the 
high‑$60,000s/low‑$70,000s range. QCP Capital’s March 11 “Market Colour” note 
leans into that idea, arguing that Bitcoin has shown “notable resilience 
following the latest geopolitical shock”. A Tale Of Caution However, despite 
the recovery being encouraging, QCP’s Market Colour note also suggests that 
the price actions “looks more like stabilization than a full return to risk-on 
positioning”. This caution is reflected by the options markets. Implied 
volatility has cooled from the extreme spike after the last sell‑off and now 
sits in the mid‑50s, but 25‑delta risk reversals remain negative, showing 
traders still pay a premium for short‑dated downside puts versus upside calls. 
Spot BTC is holding up, but options desks don’t yet believe in an explosive 
upside; they are still hedging against another leg lower, in line with QCP’s 
observation that downside protection remains in demand. Related Reading: 
Bitcoin Robbery: French Couple Held Hostage As Fake Cops Steal €900K in BTC 
“Stagflation” Risk For Bitcoin QCP’s reading of BTC’s recent activity frames 
it in “stagflationary shock”. Stagflation is the worst possible macro mix for 
traders: growth is stalling, inflation is still hot, and the Fed can’t easily 
save risk assets without risking even more inflations. Since tensions 
escalated in the Middle East and oil ripped toward the $120 area, global 
markets have been trading a stagflation narrative: softer stocks, higher 
yields, and an inflation shock driven by energy rather than growth. As we 
recently highlighted, macro analyst Alex Krüger argues that the Iran‑driven 
oil shock of 2026 looks more transitory than the 2022 Russia shock, with 
futures pricing still suggesting markets expect supply chains to heal rather 
than a prolonged energy crunch that would force the Fed into panic hikes What 
Traders Should Look For Caught between its “digital gold” narrative and its 
behaviour as a high‑beta macro asset, bitcoin cannot amount to a clean 
safe‑haven victory lap just yet. Instead, the tape and the options surface are 
sending a more nuanced message: spot is resilient, but big players are still 
paying for downside protection and treating every bounce as a potential fade 
if the macro data breaks the wrong way. For traders, the setup is binary 
around the incoming CPI and the energy tape. A benign inflation print and 
calmer oil could finally flip this from “stagflation scare” to “soft‑landing 
hope”. A hotter‑than‑expected CPI, by contrast, would validate the stagflation 
narrative, reward those who stayed hedged, and reopen the door to a deeper 
retest of the mid‑$60,000s before any attempt at new highs. BTC’s price 
trends to the downside on the daily chart. Source: BTCUSD on Tradingview Cover 
image from Perplexity, BTCUSD chart from Tradingview

Bitcoin Price Holds Near $70K As Markets Brace For Key Event

The US banking giant seeks trademark protection for “WFUSD,” covering crypto 
trading, payments, staking software and blockchain-based financial services.

Wells Fargo files WFUSD trademark for crypto payments and trading

Wells Fargo&#8217;s stablecoin move could intensify competition in digital finance, 
challenging existing platforms and reshaping banking dynamics.
The post Wells Fargo files &#8220;WFUSD&#8221; trademark, signaling launch of dollar- 
backed stablecoin appeared first on Crypto Briefing.

Cryptocurrency price in NZD