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


18 Sep 2023 11:10 AM

ETH whale just placed $150 million bet on Ethereum price...

  • 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.

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You May Ask

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