#Binance #Ethereum #Bitcoin #TrendingTopic! #ETF
According to the latest network data, the largest whales on the Ethereum network currently hold an all-time high of $241.635 billion in ETH.
The top 100 over-the-counter Ethereum whales are holding a record high of 68.39 million ETH tokens while exchange wallets have shrunk, according to crypto analytics firm Santiment.
“The top 100 Ethereum wallets on exchanges recently fell below the May 2018 all-time low, now at 8.41 million ETH. This is a sign of increasing distribution over time.
Meanwhile, the top 100 OTC wallets tell the opposite story, holding a record 68.39 million ETH.”
Looking at Bitcoin (BTC), the firm says sentiment around the largest crypto asset by market capitalization has become uncertain. The analytics firm shares a chart that shows frequent mentions on social media of “selling” or “profit taking” often coincide with price lows or the start of a rally.
According to the firm, since BTC is still in a downtrend and sentiment is relatively low, there may be an opportunity to accumulate the cryptocurrency king.
“The crowd shows fear after Bitcoin fell to $65,000, its lowest market value since May 16. "Spikes in mentions of 'selling' or 'profit taking' are common after a dip and there could be a temporary rebound and buying opportunity if we see ongoing FUD (fear of uncertainty and doubt) and panic from small traders."
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