On-chain data has just been updated. In the past 48 hours, institutional whales moved nearly $1 billion, and both BTC and ETH were involved.
To complete this scale within two days, retail investors can’t possibly scrape together that amount. The on-chain records have already been confirmed, and the funds moved across two major blockchain networks.
With such a tightly concentrated time window, large players are rebalancing their portfolios. It could be pre-positioning, or it could simply be turnover.
But no one can fully read the intention. Are they accumulating, or transferring in and out of exchanges? With the on-chain data public, the answer will have to unfold on its own in the market.
#BTC #ETH
To complete this scale within two days, retail investors can’t possibly scrape together that amount. The on-chain records have already been confirmed, and the funds moved across two major blockchain networks.
With such a tightly concentrated time window, large players are rebalancing their portfolios. It could be pre-positioning, or it could simply be turnover.
But no one can fully read the intention. Are they accumulating, or transferring in and out of exchanges? With the on-chain data public, the answer will have to unfold on its own in the market.
#BTC #ETH