Why Ethereum Top Whales Are Accumulating ETH In ‘Abnormal’ Way

Why Ethereum Top Whales Are Accumulating ETH In ‘Abnormal’ Way


Following FTX’s demise, Ethereum and the whole cryptocurrency industry in general experienced one of its most challenging periods. Because of this, the value of ETH, a significant alternative currency, has plummeted by over 36% in the last week.

Bearish emotion may be pervading over the cryptocurrency market, but the second most popular cryptocurrency is now trading almost sideways. But @sanr king, a contributor to Santiment’s insights, has been thinking about this pricing stability.

One should view his observation of a heavy influence from whales in the market with caution, as this is often a precursor to a more severe bear market. Now, what does the ETH chart reveal?

Trending: If You See This on Your Car’s Windshield, Run and Call the Police

ETH Prognosis: Dark Clouds Ahead

According to @sanr king, the present market model cannot account for the whales’

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend