It has been seen that the top 10 Ethereum (ETH) whales have moved the majority of their assets from their cold wallets to exchanges in the last 3 months.
The largest update in the history of the Ethereum (ETH) blockchain. from proof of work (PoW) proof of stake (PoS) While preparing for the transition, investors are also taking their positions against the update. On-chain data platform Santiment’s The difference between the cold wallets and exchange accounts of the top 10 Ethereum whales in the graph showing the difference between accounts. in favor of stock market accounts appeared to shrink. On the other hand, on the Ethereum side increased futures trading volumes Merge of whales to leverage their assets prior to transactions guarantee He thought he could carry it.
Whales move their assets from cold wallets to stock markets “Buy the rumor, sell the news” It is interpreted that they are preparing for a decline of the kind. However, some analysts argue that social media’s dynamics of past events. without considering for examining misconception claims to exist.
Analysts point out that there is no significant decrease in the reserves of large whales, as well as many new accounts in a short time. 32 Ethereum He stated that he has crossed the border and withdrawn his assets to cold wallets. Also in the last 3 months Ethereum in futures trading volumes Pointing to the increase, he claimed that whales are more likely to carry their assets as collateral in futures transactions.