Glassnode data shows a striking difference in the behavior of major Bitcoin and Ethereum holdings, indicating divergent views among crypto whales.
Glassnode data shows a striking difference in the behavior of major Bitcoin and Ethereum holdings, indicating divergent views among crypto whales. Since 2020, Ethereum whales, or individuals who own 1,000 or more ETH (equal to $1.5 million), have been progressively lowering their holdings, resulting in the sale of about $20 million in ETH.
Bitcoin whales, who possess 1,000 or more BTC (about $26.9 million), on the other hand, have mainly maintained their holdings, with periodic decreases presumably related to specific events. Analysts doubt if the data includes Ethereum staking, as staking ETH is not the same as selling it.
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