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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whale-movements-boost-bitcoin-and-ethereum" rel="noopener noreferrer nofollow">Whale Movements Boost Bitcoin and Ethereum</a><br></p>
<p style="text-align: justify">In the recent cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">market</a> trends, both Bitcoin and Ethereum have exhibited notable activities, particularly from large-scale <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investors</a> known as “whales.” Despite Bitcoin not surpassing the $64,000 mark last week and currently trading at $61,605, which reflects a 1.33% decrease, it remains under substantial trading pressure. Ethereum, similarly, struggles to maintain its market position above the $3,000 mark.</p>
<h2 style="text-align: justify" id="strong-intense-trading-by-bitcoin-whales-strong"><strong>Intense Trading by Bitcoin Whales</strong></h2>
<p style="text-align: justify">Data from Santiment, an on-chain data provider, highlighted an uptick in Bitcoin whale activities, with wallet addresses holding between 1,000 and 10,000 BTC accumulating around $941 million worth of Bitcoin. This accumulation is indicative of potential market movement and recovery to prior holding levels observed two weeks ago.</p>
<h2 style="text-align: justify" id="strong-strategic-moves-by-ethereum-investors-strong"><strong>Strategic Moves by Ethereum Investors</strong></h2>
<p style="text-align: justify">Regarding Ethereum, a significant investor withdrew 6,030 ETH (valued at approximately $18.09 million) from the <a href="https://en.bitcoinhaber.net/binance-launches-43rd-launchpool-project-xai-the-first-layer-3-blockchain-network" rel="noopener noreferrer nofollow">Binance</a> exchange, according to Lookonchain. This investor accumulated a total of 10,758 ETH, worth $32.14 million, since the beginning of May, showcasing a calculated buildup of assets amidst fluctuating <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">market conditions</a>.</p>
<h2 style="text-align: justify" id="strong-key-inferences-from-recent-whale-activities-strong"><strong>Key Inferences from Recent Whale Activities</strong></h2>
<ul>
 <li>Increased whale activity may signal an upcoming positive shift in Bitcoin’s <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">market valuation</a>.</li>
 <li>Ethereum’s accumulation strategy by whales could be a preparatory move for market volatility.</li>
 <li>Crypto market trends suggest a possible strategic alignment with historical market behaviors, especially post-halving cycles.</li>
</ul>
<p style="text-align: justify">CryptoQuant’s CEO, Ki Young Ju, suggested that the Bitcoin blockchain’s fundamentals are robust enough to potentially support a market cap thrice its current size, hinting at a theoretical price point of around $265,000 for Bitcoin. Meanwhile, cryptocurrency analyst Rekt Capital hinted at a slowdown in Bitcoin’s bull cycle, aligning with historical patterns expected to extend into late 2025.</p>
<p style="text-align: justify">As the cryptocurrency market remains under watch, experts suggest that Ethereum’s price might fall to $2,700 if it fails to hold its current position slightly below $3,000. These movements and predictions underscore the dynamic and speculative nature of the cryptocurrency markets, with whale activities often serving as indicators of potential future trends.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whale-movements-boost-bitcoin-and-ethereum" rel="noopener noreferrer nofollow">Whale Movements Boost Bitcoin and Ethereum</a></h5>

Whale Movements Boost Bitcoin and Ethereum

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