Whales took $614 million in profit on Aug. 26, but the market didn't flinch. Bitcoin held at $78,400, XRP climbed to $1.41, and BlackRock is absorbing supply amid record demand. Fresh PCE data also hit the tape, giving traders a new number to chew on.
Whales bank a big profit
Large holders sold into the strength on Aug. 26, pocketing $614 million. That's a serious amount of profit-taking, yet the price barely moved. BTC sat at $78,400 through the session. The selling was absorbed by buyers who kept showing up. It's the kind of resilience that says the market is still in a demand-heavy phase, not one where people are rushing for the exit.
XRP pushes to $1.41
XRP reached $1.41 on the day. That's a solid level for the token, which has been quietly grinding higher. The move came without any major news attached to it, just steady buying pressure. As Bitcoin consolidated near $78,400, altcoins like XRP got their moment.
BlackRock keeps buying
BlackRock is absorbing supply, and the data says it's amid record demand. That's a notable signal because it means institutional interest isn't fading. Even with whales taking profits, the asset manager is stepping in and buying the dip. It's one reason BTC didn't slide after the profit-taking — someone big was on the other side of those trades.
PCE data lands without a jolt
The latest PCE reading came out on Aug. 26. It's the Fed's go-to gauge for inflation, and the market was ready for it. The initial reaction? No panic. BTC stayed at $78,400 and XRP remained above $1.40. Traders will now sift through the numbers to see if it changes the rate path. For now, the market is holding its ground.
