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Crypto analyst Ali Martinez said the recent rebound in BTC, XRP and ADA prices coincided with a sharp increase in on-chain activity, raising the possibility of deliberate market intervention by large investors.
According to Finbold, Martinez said in a report that BTC rose from about $81,200 to $83,407 over the past two days, while exchange inflows surged from about 7,682 BTC to 25,124 BTC. Martinez added that XRP and ADA showed the same pattern, which suggests large investors are influencing short-term price moves.