Bitcoin

Ethereum

In recent months, cryptocurrency markets have witnessed a significant shift in whale transaction patterns. Large Bitcoin and Ethereum holders have made substantial moves impacting liquidity and market direction. This surge in whale activity has contributed to increased volatility and trading volume, suggesting a growing influence on price movements and market sentiment.At the time of writing, the value of Bitcoin is <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$58,197.19</a>, marking a 2.77% increase in the last 24 hours. The trading volume in this period has grown to $36.92 billion. On the other hand, Ethereum is priced at <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">$2,361.08</a> with the 24-hour trading volume of $15.26 billion, which increased by 1.04%.As per <a href="https://www.coinglass.com/currencies/BTC" rel="noopener noreferrer nofollow">Coinglass</a> data, the derivatives for Bitcoin trading volume has increased 28.05% to $71.88 billion. The open interest has increased by 3. 29% to $30. 81 billion. Options volume for Bitcoin has surged by 13.54% to $1.71 billion, although open interest remained only slightly higher by 2.16% to $20.83 billion. The long/short ratio for Bitcoin is equal, but it is slightly higher for Binance and OKX.For Ethereum, the<a href="https://www.coinglass.com/currencies/ETH" rel="noopener noreferrer nofollow"> derivatives</a> data shows that there has been an upsurge in this aspect, with volume rising by 30.71% to $26.42 billion and open interest increased by 2.41% to $10.66 billion.<a href="https://cryptotale.org/btc-and-eth-whales-down-how-will-it-impact-broader-market/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC and ETH Whales Down: How Will It Impact Broader Market?

CryptoTale

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