BTC, ETH Whales Playing Waiting Game, Here's How

• On-chain data suggests that large holders, or whales, are waiting for higher prices in the cryptocurrency market.
• Large transactions (greater than $100,000) are at their lowest levels in 2023, indicating that whales are likely waiting rather than losing interest.
• Long-term Bitcoin holders, who have held their coins for at least 155 days, now control 70% of the total supply of Bitcoin.
• Bitcoin analyst Charles Edwards suggests that these long-term holders are accumulating for the next bull run.
• Recent analysis indicates that Bitcoin may experience a boost in buying pressure, potentially targeting $28,000 or $31,000.
• A whale has made a $150 million bullish bet on Ethereum, trading a large number of call options with long-term bullish expectations.

The sentiment in the article is generally positive, with mentions of whales waiting for higher prices, long-term holders accumulating, and a bullish bet on Ethereum.