Ethereum Whales Are Selling Like There’s No Tomorrow! What’s the Situation with Bitcoin?

The latest data revealed which of the Bitcoin (BTC) and Ethereum (ETH) investors are the stronger HODLers.

Cryptocurrency analyst Twitter user nicknamed “sunnydecree” said in his post based on Glassnode data: Bitcoin And Ethereum He showed the remarkable purchases and sales of his whales. In his post, the analyst said that Ethereum whales “like there’s no tomorrow” He stated that he was selling:

Ethereum whales are selling like there is no tomorrow. Bitcoin whales continue to HODL their assets.

According to shared data Bitcoin investors, While showing a steady increase by increasing its holdings Ethereum investors It made big sales from time to time. Even Ethereum investors are excited about the revolutionary It doesn’t seem to HODL since the Merge update.

It was noted that long-term Bitcoin investors frequently increased their holdings during the bear market. In fact, according to the latest data, a metric that shows the net change in the positions of long-term investors is Accumulated 50,000 Bitcoins ($1.35 billion) he pointed out.

On the other hand, the total Bitcoin in the wallets of long-term investors, representing investors who hold assets for more than 155 days, exceeds the supply. 76% by taking over It broke a record with 14.8 million.

However, most wallets with Bitcoin motionless, mysterious And has been forgotten Assuming that, the data doesn’t seem too implausible.

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