Are Whales Rotating Into XRP? BTC and ETH Holdings Slide
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The pain continues across the cryptocurrency market, with major assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) suffering even deeper losses. Against this backdrop, it is worth examining how big investors have responded to the persistent downfall and what their behavior could reveal about the near future. BTC and ETH Whales Cash Out Popular analyst Ali Martinez said large Bitcoin investors have sold over 34,000 coins in the past week as the price plummeted from nearly $80,000 to a local bottom under $73,000. The stash is worth roughly $2.6 billion, and this cohort of market participants now holds a little more than 5.24 million units, representing 26% of BTC’s circulating supply. Massive sell-offs of that type can negatively impact the price for two main reasons.
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