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Will Ethereum whales give up ETH on them to buy Bitcoin?
$ETH $BTC $BNB
This week, a significant difference in the attitudes of the largest investors in the cryptocurrency market Bitcoin (BTC) and Ethereum (ETH) in terms of market capitalization was highlighted.
According to data from blockchain analysis firm Glassnode, the number of Ethereum whales, i.e. those holding 1,000 ETH or more (which is worth around $1.5 million), has seen a sharp decline since 2020, with 20 million ETH sold. This indicates a decline in interest and trust in Ethereum.
In contrast, Bitcoin whales continue to quietly buy and accumulate the currency. Bitcoin holders holding 1,000 BTC or more (worth an estimated $26.9 million) continued their position over roughly the same time period, with some sharp declines. This may be due to the market being affected by the collapse of the FTX platform or due to profit taking after the significant rise in the price of Bitcoin in 2021.
This data indicates a divergence in sentiment and expectations between the Bitcoin and Ethereum whales, reflecting the possibility that they have different investment preferences and trends at the moment.
#BTC #ETH #bnb #NEWS #CRYPTO
Will Ethereum whales give up ETH on them to buy Bitcoin?
$ETH $BTC $BNB
This week, a significant difference in the attitudes of the largest investors in the cryptocurrency market Bitcoin (BTC) and Ethereum (ETH) in terms of market capitalization was highlighted.
According to data from blockchain analysis firm Glassnode, the number of Ethereum whales, i.e. those holding 1,000 ETH or more (which is worth around $1.5 million), has seen a sharp decline since 2020, with 20 million ETH sold. This indicates a decline in interest and trust in Ethereum.
In contrast, Bitcoin whales continue to quietly buy and accumulate the currency. Bitcoin holders holding 1,000 BTC or more (worth an estimated $26.9 million) continued their position over roughly the same time period, with some sharp declines. This may be due to the market being affected by the collapse of the FTX platform or due to profit taking after the significant rise in the price of Bitcoin in 2021.
This data indicates a divergence in sentiment and expectations between the Bitcoin and Ethereum whales, reflecting the possibility that they have different investment preferences and trends at the moment.
#BTC #ETH #bnb #NEWS #CRYPTO