Ethereum Whales Sell, But Bitcoin’s Key Investors Are Buying
Summary
Ethereum whales, defined as entities holding between 1,000 and 10,000 ETH, have recently sold over 63,000 ETH (approximately $113.5 million) during a profit-taking opportunity amid ETH's recovery rally. This has resulted in a net decline in their combined balance over the past ten days. In contrast, Bitcoin key holders, including sharks and whales with holdings between 10 and 10,000 BTC, have accumulated a total of 19,255 BTC during the same price rally, indicating strong support for Bitcoin's recovery. Recent inflows into Bitcoin spot exchange-traded funds (ETFs) are the largest seen in months. As of now, Ethereum is trading around $1,800, reflecting a 12% increase over the past week.
