RATE Group | Report: Whales Accumulate Ethereum (ETH) En-Masse Amid Bear Market
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Report: Whales Accumulate Ethereum (ETH) En-Masse Amid Bear Market

04 Dec Report: Whales Accumulate Ethereum (ETH) En-Masse Amid Bear Market

Posted at 19:21h in Bitcoin News by

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Since Bitcoin (BTC) began to falter in recent weeks, with the asset free-falling below $6,000, investors have whipped out their magnifying glasses, doing their utmost to discern what catalyzed the sell-off. Although many pointed fingers at the contentious Bitcoin Cash debacle, the U.S. Securities and Exchange Commission’s renewed crackdown on tokens deemed digital securities, and the lack of development in the Bitcoin ETF launch cycle, a novel theorized catalyst recently arose.

For those who aren’t in the loop, this proposed catalyst is that whales and former “HODLers” have sought to liquidate their cryptocurrency holdings, putting immense selling pressure on assets, such as Ethereum (ETH) and BTC. However, extensive research completed by Diar, a leading crypto-centric data analytics unit, notes that contrary to this popular belief, reports of a whale sell-off couldn’t be further from the truth.

Ethereum Whale Holdings Nearly Double In Bear Market

According to Diar’s most…

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