• bitcoinBitcoin (BTC) $ 108,302.00
  • ethereumEthereum (ETH) $ 4,481.40
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.82
  • bnbBNB (BNB) $ 860.81
  • solanaSolana (SOL) $ 203.11
  • usd-coinUSDC (USDC) $ 0.999785
  • staked-etherLido Staked Ether (STETH) $ 4,469.14
  • dogecoinDogecoin (DOGE) $ 0.218259
  • tronTRON (TRX) $ 0.343731
  • cardanoCardano (ADA) $ 0.824393
  • wrapped-stethWrapped stETH (WSTETH) $ 5,418.38
  • chainlinkChainlink (LINK) $ 23.99
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,827.63
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,428.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wrapped-eethWrapped eETH (WEETH) $ 4,801.21
  • hyperliquidHyperliquid (HYPE) $ 44.52
  • suiSui (SUI) $ 3.31
  • stellarStellar (XLM) $ 0.360321
  • bitcoin-cashBitcoin Cash (BCH) $ 547.89
  • avalanche-2Avalanche (AVAX) $ 24.07
  • wethWETH (WETH) $ 4,480.46
  • crypto-com-chainCronos (CRO) $ 0.290245
  • hedera-hashgraphHedera (HBAR) $ 0.224623
  • leo-tokenLEO Token (LEO) $ 9.58
  • litecoinLitecoin (LTC) $ 111.15
  • the-open-networkToncoin (TON) $ 3.14
  • usdsUSDS (USDS) $ 0.999645
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999852
  • whitebitWhiteBIT Coin (WBT) $ 42.42
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,244.00
  • uniswapUniswap (UNI) $ 9.86
  • polkadotPolkadot (DOT) $ 3.81
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.56
  • aaveAave (AAVE) $ 323.54
  • moneroMonero (XMR) $ 260.39
  • daiDai (DAI) $ 0.999736
  • ethenaEthena (ENA) $ 0.659466
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.17
  • okbOKB (OKB) $ 175.75
  • ethereum-classicEthereum Classic (ETC) $ 21.10
  • bittensorBittensor (TAO) $ 323.61
  • nearNEAR Protocol (NEAR) $ 2.44
  • jito-staked-solJito Staked SOL (JITOSOL) $ 249.57
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.282508
  • pi-networkPi Network (PI) $ 0.371125
  • aptosAptos (APT) $ 4.31
  • ondo-financeOndo (ONDO) $ 0.913160
  • usdt0USDT0 (USDT0) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,480.96
  • arbitrumArbitrum (ARB) $ 0.510992
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • internet-computerInternet Computer (ICP) $ 4.83
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 217.26
  • story-2Story (IP) $ 7.65
  • kaspaKaspa (KAS) $ 0.085192
  • cosmosCosmos Hub (ATOM) $ 4.58
  • vechainVeChain (VET) $ 0.024635
  • algorandAlgorand (ALGO) $ 0.238956
  • rocket-pool-ethRocket Pool ETH (RETH) $ 5,110.82
  • gatechain-tokenGate (GT) $ 16.94
  • susdssUSDS (SUSDS) $ 1.07
  • fasttokenFasttoken (FTN) $ 4.51
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.42
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,701.28
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.029706
  • kucoin-sharesKuCoin (KCS) $ 14.50
  • render-tokenRender (RENDER) $ 3.49
  • worldcoin-wldWorldcoin (WLD) $ 0.903522
  • sei-networkSei (SEI) $ 0.289857
  • bonkBonk (BONK) $ 0.000023
  • bfusdBFUSD (BFUSD) $ 0.999348
  • official-trumpOfficial Trump (TRUMP) $ 8.48
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,715.87
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.623825
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.59
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,846.34
  • filecoinFilecoin (FIL) $ 2.31
  • jupiter-exchange-solanaJupiter (JUP) $ 0.497822
  • flare-networksFlare (FLR) $ 0.021378
  • quant-networkQuant (QNT) $ 105.08
  • skySky (SKY) $ 0.065149
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,533.00
  • usdtbUSDtb (USDTB) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.080374
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,731.80
  • falcon-financeFalcon USD (USDF) $ 0.999948
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,807.89
  • tether-goldTether Gold (XAUT) $ 3,459.49
  • hash-2Provenance Blockchain (HASH) $ 0.026196
  • injective-protocolInjective (INJ) $ 13.01
  • optimismOptimism (OP) $ 0.708852
  • celestiaCelestia (TIA) $ 1.64
  • nexoNEXO (NEXO) $ 1.23
  • fourFour (FORM) $ 3.10
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 230.54
  • wbnbWrapped BNB (WBNB) $ 860.92
  • pump-funPump.fun (PUMP) $ 0.003325
  • paypal-usdPayPal USD (PYUSD) $ 0.999520
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997300
  • blockstackStacks (STX) $ 0.633724
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,000.00
  • lido-daoLido DAO (LDO) $ 1.23
  • curve-dao-tokenCurve DAO (CRV) $ 0.773731
  • memecoreMemeCore (M) $ 0.641913
  • pyth-networkPyth Network (PYTH) $ 0.184579
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999807
  • spx6900SPX6900 (SPX) $ 1.13
  • aerodrome-financeAerodrome Finance (AERO) $ 1.18
  • sonic-3Sonic (S) $ 0.317642
  • super-oethSuper OETH (SUPEROETH) $ 4,486.98
  • conflux-tokenConflux (CFX) $ 0.194598
  • immutable-xImmutable (IMX) $ 0.521159
  • pax-goldPAX Gold (PAXG) $ 3,463.75
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • the-graphThe Graph (GRT) $ 0.090374
  • msolMarinade Staked SOL (MSOL) $ 268.43
  • saros-financeSaros (SAROS) $ 0.349389
  • flokiFLOKI (FLOKI) $ 0.000095
  • raydiumRaydium (RAY) $ 3.42
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,621.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,463.44
  • kaiaKaia (KAIA) $ 0.149080
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,329.69
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • clbtcclBTC (CLBTC) $ 109,458.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,482.94
  • pendlePendle (PENDLE) $ 4.84
  • dogwifcoindogwifhat (WIF) $ 0.810353
  • theta-tokenTheta Network (THETA) $ 0.799724
  • fartcoinFartcoin (FARTCOIN) $ 0.791276
  • vaultaVaulta (A) $ 0.495298
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.35
  • iotaIOTA (IOTA) $ 0.192834
  • tezosTezos (XTZ) $ 0.727043
  • galaGALA (GALA) $ 0.016481
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.14
  • ousgOUSG (OUSG) $ 112.39
  • build-onBUILDon (B) $ 0.721788
  • jito-governance-tokenJito (JTO) $ 1.94
  • jasmycoinJasmyCoin (JASMY) $ 0.014672
  • ripple-usdRipple USD (RLUSD) $ 0.999712
  • flowFlow (FLOW) $ 0.432214
  • the-sandboxThe Sandbox (SAND) $ 0.282064
  • newton-projectAB (AB) $ 0.009178
  • stader-ethxStader ETHx (ETHX) $ 4,772.82
  • loaded-lionsLoaded Lions (LION) $ 0.022256
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998099
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • morphoMorpho (MORPHO) $ 2.02
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,806.70
  • zcashZcash (ZEC) $ 40.39
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,480.37
  • bittorrentBitTorrent (BTT) $ 0.00000066
  • tbtctBTC (TBTC) $ 108,074.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,927.25
  • swethSwell Ethereum (SWETH) $ 4,843.52
  • usual-usdUsual USD (USD0) $ 0.997756
  • beldexBeldex (BDX) $ 0.076941
  • decentralandDecentraland (MANA) $ 0.294062
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.218208
  • walrus-2Walrus (WAL) $ 0.390840
  • global-dollarGlobal Dollar (USDG) $ 0.999482
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,286.00
  • vision-3Vision (VSN) $ 0.165486
  • bitcoin-svBitcoin SV (BSV) $ 26.07
  • ether-fiEther.fi (ETHFI) $ 1.10
  • syrupMaple Finance (SYRUP) $ 0.457859
  • frax-etherFrax Ether (FRXETH) $ 4,443.05
  • true-usdTrueUSD (TUSD) $ 0.997758
  • starknetStarknet (STRK) $ 0.128702
  • heliumHelium (HNT) $ 2.61
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,487.06
  • neoNEO (NEO) $ 6.82
  • based-brettBrett (BRETT) $ 0.048163
  • dydx-chaindYdX (DYDX) $ 0.609639
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 106,640.00
  • apecoinApeCoin (APE) $ 0.577416
  • apenftAPENFT (NFT) $ 0.00000046
  • coredaoorgCore (CORE) $ 0.444438
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007508
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 224.16
  • usddUSDD (USDD) $ 0.999241
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • telcoinTelcoin (TEL) $ 0.004742
  • sun-tokenSun Token (SUN) $ 0.022832
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999963
  • savings-daiSavings Dai (SDAI) $ 1.16
  • zksyncZKsync (ZK) $ 0.059995
  • dexeDeXe (DEXE) $ 7.53
  • axie-infinityAxie Infinity (AXS) $ 2.57
  • arweaveArweave (AR) $ 6.56
  • thorchainTHORChain (RUNE) $ 1.22
  • instadappFluid (FLUID) $ 6.25

Whales Trigger Ethereum Sales

0 69

Whales Trigger Ethereum Sales

The cryptocurrency market remains as unpredictable as ever, with Ethereum (ETH) facing significant selling pressure from large investors, commonly referred to as “whales.” Currently, the price of Ether hovers around $3,166, yet Bitcoin (BTC) hasn’t managed to reclaim the $65,000 support level. With the launch of Ethereum ETFs, trading volumes surged past $500 million within two days, but this has not stemmed the tide of whale-driven sales. Over the past two weeks, more than 840,000 ETH have been sold by holders possessing between 10,000 and 100,000 ETH.

Why Are Whales Selling?

Historically, intense selling by whales has led to declining prices. The current sales trend stems from concerns about a potential post-ETF launch dip. Whales seeking to mitigate risk sold off their holdings, creating opportunities to buy back at lower levels. This bearish sentiment is shared by individual investors, as indicated by the highest level of realized profits in the last 1.5 months. Notably, sales worth $747 million occurred just a day before the ETF’s debut. Access COINTURK FINANCE to get the latest financial and business news.

What are Analysts Predicting?

Markus Thielen, CEO of 10x Research Ltd, suggests that Ethereum could be nearing a lower price level. According to the stochastic indicator, a current value of 87 (down from 92) implies that a correction is forming. Thielen recommends shorting Ethereum in light of the recent rally and upcoming potential impacts from factors like Mt Gox payments and the US earnings season.

Investment Insights

Concrete and valuable inferences for investors:

  • Monitor whale activity for signs of further sell-offs.
  • Consider the stochastic indicator to gauge potential corrections.
  • Stay aware of macroeconomic factors, such as Mt Gox payments and US earnings, which could influence the market.
  • Evaluate the risks of shorting Ethereum if bearish signals persist.

If the downward trend continues, Ethereum could test the $3,000 level, especially if it closes below $3,118. Since the ETF’s launch, ETHE has seen an outflow exceeding $800 million, signaling that the selling pressure may persist for some time.

Source

Leave A Reply

Your email address will not be published.