Crypto whales are back with November, market movements expected
According to market intelligence and on-chain analysis firm Santiment, the giant crypto whale – transacting over $100,000 – increased,
Furthermore, the market intelligence firm added that the “most significant” transactions are Tether (USDT) and USD Coin (USDC). Santiment expects “major market movements,” according to a tweet.
according to you today report good Earlier this month, data provided by blockchain analysis firm Cryptoquant showed that Ethereum (ETH) whale investors have been influencing the asset’s price for a long time.
Data showed that the whales could manipulate ETH’s price by depositing the token onto exchanges and selling at certain points while the prices are elevated.
According to Etherscan, on October 30, a giant Ethereum whale moved 19,999.9985 ETH – worth approximately $31.6 million. information,
Similar whale movements could possibly show signs of another bearish market trend. Another reason for whales to move massive amounts of crypto assets to centralized exchanges might be that they are looking for liquidity.
However, it is not just altcoin whales that are making the big move. according to benzinga report goodone bitcoin (BTC) whale At the time of writing that’s a massive amount of about 2,181 BTC – valued at around $44.7 billion.
