The Bitmex exchange, about 10 years old, is home to a large number of whales. After a sharp increase in Ethereum reserves, a striking drop in ETH prices was observed. Additionally, on September 28, there was a sharp drop in Bitmex exchange reserves, followed by an increase in ETH prices.

This can be interpreted as follows:

When Ethereum Bitmex whales buy through Bitmex, we see a decrease in reserves. Conversely, when they sell, we see an increase in Bitmex reserves.

Even though the market seems negative, BTC still shows optimism. BTC's strength in dealing with market fluctuations shows strong potential.

Written by BlitzzTrading.