XRP's Binance Scarcity Index Reaches Two-Year High... Mass SHIB Movements and Stratis BTC Sales

Binance's tradable XRP supply has declined rapidly, exacerbating liquidity shortages to levels seen since 2024. Analysts warn that reduced exchange supply combined with potential ETF inflows could amplify XRP price volatility. The scarcity index surged to 0.77 in early July, the highest since last summer, as large holders shifted XRP to non-custodial wallets, thinning liquidity on Binance. Arab-based crypto analysts note this scarcity phenomenon is particularly pronounced on Binance, where XRP has struggled to break above key resistance levels. Meanwhile, mass SHIB transfers were observed, with a wallet moving 114.9 billion SHIB (worth ~$50 million) to cold wallets, suggesting long-term holding or OTC trading preparation. Bitcoin markets face institutional selling amid macroeconomic events, though the firm emphasized Bitcoin's long-term value despite recent BTC sales.