Ethereum

bullish

2024

Coin

<ul class="wp-block-list news-points"> 
 <li>Whale activity drop in crypto doesn’t always signal bearish trends or price falls.</li> 
 <li>Bitcoin and Ethereum show recent bullish trends despite decreased whale transactions.</li> 
 <li>XRP, TON, and ADA show positive price trends despite reduced whale transactions.</li> 
</ul> 
Recent data indicates a decline in large transactions – those exceeding $100,000 – for major cryptocurrencies like Bitcoin, Ethereum, XRP, Toncoin, and Cardano. This trend, observed from late February to early September 2024, suggests a shift in how large holders, often referred to as “whales,” are interacting with the market. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> The decline in overall whale activity across most crypto assets has become more and more noticeable. Peak 2024 $100K+ transaction weeks for BTC &amp; ETH compared to recently: Bitcoin: March 13-19: 115.1K Whale Transactions August 21-27: 60.2K Whale Transactions Ethereum: March… <a href="https://t.co/kBseamXiCT" target="_blank" rel="nofollow">pic.twitter.com/kBseamXiCT</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1830822357516329104?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 3, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
However, the overall market picture shows that reduced whale activity does not necessarily translate to an impending price drop or bearish trend. 
<a href="https://coinedition.com/hourly-chart-of-bitcoinbtc-shows-potential-to-go-bullish/">Bitcoin</a>, for instance, saw a significant decrease in large transactions from March to August 2024…
The post <a href="https://coinedition.com/crypto-whales-are-selling-but-prices-are-rising-whats-going-on/">Crypto Whales Are Selling, But Prices Are Rising – What’s Going On?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Whales Are Selling, But Prices Are Rising – What’s Going On?

Coin Edition

Other articles published on Sep 3, 2024

MATIC to POL Conversion Guide

Saviour Musk (MUSKSAV) Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Do...

Investing in 2024? Decode the Secrets of Mega Dice, The Meme Games, and MoonBag’s Top Crypto Pres...

SEC Charges Galois Capital for Mismanaging Investors’ Funds

🗒 Daily Newsletter | Thursday, September 03, 2024

Uniswap Against Bitcoin Signals Bullish Reversal After Hitting All-Time Low – Why Long-Term UNI H...

Join our free newsletter for daily crypto updates!