BTC Holders Halt Sales, ETH Whales Increase Holdings

Crypto markets show mixed signals as:

  • Bitcoin long-term holders have paused selling after reducing their holdings from nearly 15 million to just over 14 million since mid-July.
  • Ethereum whales increased their holdings by around 120,000 ETH since December 26, with large addresses now controlling approximately 70% of the supply.
  • The concentration of ETH in a few wallets could lead to significant price swings if these wallets decide to sell.

Market Trends and Capital Flows

  • Garrett Jin suggests capital may be moving from metals to crypto following a short squeeze in precious metals.
  • Bitcoin traded between $86,740 and $90,060 over the past week, indicating market uncertainty.
  • Silver prices reportedly rose by over 1,570%, requiring independent verification.
  • Bitcoin remains below its all-time highs due to factors like ETF demand, derivatives, and liquidity patterns.

Overall, the data suggests market stabilization rather than a decisive rally, with significant activity by ether whales and a halt in bitcoin selling among long-term holders.