Ethereum Whales Still Holding — No Exit Signs Yet.
Despite Ethereum’s current market structure resembling the double-top pattern of 2021, a new report from CryptoQuant indicates that large-scale investors (whales) have not begun exiting their positions — a notable contrast to what occurred in the final stages of the previous bull cycle. The absence of whale exits in the face of a potential double-top structure suggests: -Bullish continuation is still possible, as major holders are not showing signs of profit-taking. -Caution is still warranted, especially if future outflows begin to spike unexpectedly. Ethereum could remain aligned with Bitcoin’s next move, given the continued correlation in transaction flow behavior.
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Ethereum Whales Still Holding — No Exit Signs Yet.
Despite Ethereum’s current market structure resembling the double-top pattern of 2021, a new report from CryptoQuant indicates that large-scale investors (whales) have not begun exiting their positions — a notable contrast to what occurred in the final stages of the previous bull cycle.
The absence of whale exits in the face of a potential double-top structure suggests:
-Bullish continuation is still possible, as major holders are not showing signs of profit-taking.
-Caution is still warranted, especially if future outflows begin to spike unexpectedly.
Ethereum could remain aligned with Bitcoin’s next move, given the continued correlation in transaction flow behavior.