Whales ditching Bitcoin for Ethereum? Santiment data suggests a shift

Ethereum whale wallets rise 4% as large holders return during price rally. Bitcoin whale wallets drop 1.8% amid price dip and increased market volatility. ETH whale accumulation aligns with ETF inflows and sustained bullish momentum. A telling divergence is appearing between the market’s largest players, as Ethereum is seeing an increase in large wallet activity while Bitcoin experiences a decline in whale participation. Over the past week, the number of Ethereum whale wallets holding more than 10,000 ETH rose by 45, a 4% increase. During that same time, Bitcoin wallets holding 1,000 BTC or more dropped by 39, a 1.8% decrease. Related: Bitcoin and Ethereum Whales Take Profits, Signaling Potential Dip Data from Santiment shows that Ethereum’s rise in its whale wallet count has coincided with a strong price rally. Since late June, ETH climbed from below $2,100 to a high above $3,600. As of July 22, Ethereum was trading at $3,681. In the past week, crypto’s top market caps are seeing whale numbers move in opposite directions: Bitcoin’s 1K+ $BTC wallets DROP by 39 (-1.8%), price -3% Ethereum’s 10K+ $ETH wallets RISE by 45 (+4.0%), price +25% Track wh… The post Whales ditching Bitcoin for Ethereum? Santiment data suggests a shift appeared first on Coin Edition .

Source: Coin Edition