Ethereum Whales Selling Like There is No Tomorrow: Report

According to a crypto analyst, holders of Bitcoin have maintained their commitment to the asset in comparison to Ethereum whales. Rather than sell or reduce their holdings, despite market conditions, Bitcoin whales have cemented their hold to the crypto at multi-year lows and registered 8.5% in total ETH reserves on exchanges. Ethereum whales, on the other hand, have demonstrate less patience and more willingness to shift their ETH, leaving some sceptics questioning their confidence. Though, what can be seen as a restless ETH rotation rate by larger holders might be signalling jockeying activity in preparation for a bid bull run. Nonetheless, it is Bitcoin’s sturdy hands that have proclaimed a deeper confidence. A sense of upholding that keeps the cryptocurrency acting as a reliable source of value.

Robert Wilson author
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