Bitcoin’s largest holders are accumulating aggressively while retail investors cash out, fueling speculation of a potential major price jump to a new all-time high (ATH) ahead.

According to blockchain analytics firm Santiment, over the last 30 days, wallets holding between 10 and 10,000 BTC have scooped up an additional 83,105 BTC, while smaller retail wallets, with less than 0.1 BTC, have collectively shed 387 BTC  in the same period.

Whales Buy the Dip, Retail Sells the Rally

Santiment analysts noted clear signs that smaller wallets were taking profits, likely out of fear of a market top, while whales and sharks were doubling down. This stark divergence, especially the large-scale accumulation, led the analysts to suggest that Bitcoin’s next push up may only be “a matter of time” and could see the asset breach the $110,000 level to usher in a new ATH.

The prediction is based on growing macroeconomic optimism, after the flagship cryptocurrency soared to $105,800 on May 12 following news of de-escalating trade tensions between the United States and China.

The two squabbling nations have agreed to cease tariff hostilities for 90 days, with the U.S. slashing taxes on Chinese imports from 145% to 30% and Beijing bringing down its levies on American-made goods from 125% to 10%.

However, while the agreement spurred rallies in global equities and crypto, Santiment urged caution at the time, noting in an earlier post on X that the announcement may only outline a framework deal, not an executed agreement.

The experts advised, “Avoid overextending until confirmations are made,” warning of a potential “buy the rumor, sell the news” pullback.

Still, institutional confidence remains unshaken. Yesterday, Michael Saylor’s Strategy added 13,390 BTC to its books for $1.34 billion, averaging $99,856 for each. The purchase brings its total holding to 568,840 BTC, worth over $59 billion, translating to about $20 billion in unrealized profit.

Not to be left behind, Metaplanet also announced a more modest $126.7 million acquisition of 1,271 BTC, at $102,119 each. The buy took the Tokyo-based company’s BTC reserves to 6,796, eclipsing El Salvador’s and pushing its BTC Yield for the year to 170%.

Price Action

Looking at the market, the world’s largest cryptocurrency by market cap is showing signs of consolidation after its recent spike. At the time of going to press, it was trading at $102,427, down about 1.8% in the last 24 hours.

Additionally, although it’s up 8.5% on the week, it slightly underperformed compared to the broader crypto market, which gained 10.5% in that time. However, BTC has continued to shine across longer periods, up 21.2% for the month and 68.1% year-on-year, even though it remains 5.7% shy of its $108,786 ATH set earlier in the year.

TL;DR

• On-chain data shared by popular crypto analyst Ali Martinez claims that XRP has no major resistance obstacles on its way up.
• At the same time, Glassnode reported that the latest rally could be driven by the futures market.

No Resistance Ahead?

Until this time last week, analysts indicated that $2 is crucial support in XRP’s future price performance, while noting that a surge past the resistance at $2.26 could become pivotal in reaffirming the asset’s bull run restart.

Such a price surge indeed transpired several days ago and the third-largest non-stablecoin cryptocurrency has remained above the latter ever since. Although it was stopped on its way to $2.7 yesterday, it still trades above $2.5 now and is among the few altcoins in the green today.

According to Martinez, there’s only clear sky ahead for XRP. In a recent post, the analyst with nearly 140,000 followers on X indicated that “on-chain data shows XRP has no major resistance clusters ahead.” On the other hand, the zone around $2.38 has become a key support level.

On-chain data shows $XRP has no major resistance clusters ahead, while the key support zone to watch sits at $2.38. pic.twitter.com/vvXjsSUYG1

— Ali (@ali_charts) May 13, 2025

In accordance with this bullish news came a few big price predictions for XRP. AllInCrypto said the asset is on its way to turn the previous all-time high of $3.4 into support, which would “lead it further along its way to our $19 price target in the long term.”

Others were a bit more modest, posting price targets of up to $5.4.

Futures-Driven Rally?

Glassnode noted earlier today that the XRP Futures Open Interest had skyrocketed by over $1 billion in just a week, up to $3.42 billion, representing a 41.6% increase. Given the underlying asset’s price rally that drove it to over $2.5, the analytics company determined that most of it was driven by leveraged positions, which suggests “growing directional conviction.”

$XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE

— glassnode (@glassnode) May 13, 2025

Recall that the last time the Open Interest for XRP had shot up this fast led to a price surge from $2.3 to $3.3 within a week or so back in January.

[PRESS RELEASE – Victoria, Seychelles, May 13th, 2025]

As centralized exchanges and On-chain Trading edge closer to integration, global crypto trading platform BYDFi has officially launched MoonX, a powerful new on-chain trading engine. Positioned as a “ticket to the DEX world” for CEX users, MoonX simplifies DeFi access and marks the beginning of BYDFi’s dual-engine strategy.

CEX vs. DEX: From Competition to Integration

With meme coins, airdrops, and early-stage tokens gaining traction, on-chain markets have become a high-growth arena for crypto users. But wallet setup, gas fees, and cross-chain operations remain hurdles for mainstream CEX users.

At the same time, CEXs are increasingly limited in capturing early-stage or long-tail assets. The industry is clearly shifting: CEXs and DEXs are no longer separate silos—they are becoming complementary systems. MoonX is BYDFi’s answer to this evolution.

MoonX: The Gateway to On-Chain Trading

MoonX isn’t another exchange or wallet; it’s a lightweight entry point to Web3 trading. It retains the security and user familiarity of CEXs while unlocking the asset diversity and potential of DeFi.

For Example: a user discovers a trending meme coin on social media and wants to copy a whale trade. Traditionally, that would involve switching wallets, acquiring gas, copying contract addresses, and navigating multiple DEX interfaces. With MoonX, there’s no wallet setup, no gas fees, no chain switching—just one BYDFi account and a single tap to execute.

MoonX delivers a Web2-level user experience tailored for a Web3 world:

Access to Over 500,000 Meme Coins

• Aggregates liquidity from multiple platforms like Pump.fun, Raydium, PancakeSwap, and more.
• Currently supports Solana and BNB Chain, with plans to expand to additional major blockchains.

Built-In Trading Intelligence

• Integrates smart strategies and smart money copy trading.
• Millisecond-level execution, optimized for high-frequency Degen Traders.

Security-First On-Chain Infrastructure

• Hybrid custody ensures users don’t manage private keys but still retain asset control.
• Co-built with Safeheron using MPC + TEE for institutional-grade protection.
• Integrated with GoPlus for real-time contract risk scanning and alerts.

BYDFi: Entering the Dual-Engine Era

MoonX is more than a product update—it’s the start of BYDFi’s CEX + DEX dual-engine architecture. Users can now manage centralized and on-chain assets within one unified account framework.

By combining liquidity, strategy tools, and advanced security, MoonX goes beyond trend-chasing. It’s building a foundation for trading early-stage, long-tail assets with optimized on-chain efficiency.

Michael, Co-Founder of BYDFi, stated:  “MoonX is more than a new feature—it could shape a new standard: a scalable Web3 onboarding system that starts with a CEX front-end and runs on a DEX backend, designed for frictionless asset flow.”

He added: “MoonX merges the best of both worlds—CEX performance and DEX freedom—so that anyone can participate in smart on-chain trading. Web3 shouldn’t be exclusive to experts. It should be a finance layer open to all.”

About BYDFi

Founded in 2020, BYDFi serves over 1,000,000 users across 190+ countries. Its product lineup includes spot, derivatives, copy trading, and now on-chain trading via MoonX.

In 2023, BYDFi was recognized by Forbes as one of the Top 10 Global Crypto Exchanges. In 2025, it partnered with Ledger to launch a co-branded hardware wallet, reinforcing user self-custody and asset security.

BYDFi is committed to providing a world-class crypto trading experience for users. BUIDL Your Dream Finance.

• Website: https://www.bydfi.com
• Support Email: cs@bydfi.com
• Business Partnerships: bd@bydfi.com
• Media Inquiries: media@bydfi.com

Twitter( X )| LinkedIn| Facebook | Telegram| YouTube