Ethereum Whales
The largest non-exchange Ethereum whales now hold an all-time high of $241.635 billion worth of ETH. These 100 whales control a staggering 68.39 million ETH tokens, a record amount.
Exchange Wallets Decline
In contrast, exchange wallets have seen a decline in their ETH holdings. This suggests that investors are moving their ETH off exchanges and into their own wallets, indicating a shift towards decentralized ownership.
Bitcoin Sentiment Uncertain
Meanwhile, sentiment around Bitcoin has become uncertain. Mentions of “selling” or “taking profit” on social media often coincide with price bottoms or rally beginnings. With Bitcoin still in a downtrend, this could signal an opportunity for accumulation.
Fear Among Traders
After Bitcoin’s drop to $65,000, traders are showing fear. Spikes in mentions of “selling” or “taking profit” are common after price declines. If this sentiment persists, it could create a temporary bounce and buy opportunity.
