Santiment, in its report published yesterday, reported that Ethereum whales continue to accumulate high amounts of ETH after the last four-month time frame. According to Santiment, there has been a sharp increase in the activity of Ethereum whales, with addresses holding between 1,000-10,000 ETH adding another 142,000 ETH to their savings during the cryptocurrency market downturn.
Santiment, in its report published yesterday, reported that a sharp increase in the activity of Ethereum whales was seen. According to Santiment, these addresses processed approximately 2,600 transactions on May 11, worth over $1 million each. In this published report, it was stated that this increase in the activity of Ethereum whales was seen in the time period when the crypto money market caught a strong downward momentum and a large selling wave was formed in the market. According to Santiment, addresses holding 1,000-10,000 ETH added 142,000 ETH to their savings during the market downturn.
Bitcoin (BTC), which experienced a short-term rise immediately after the UST crisis and the decline in the crypto money market, started to record bearish price movements again yesterday evening and fell to the price levels of $ 28,990.
Michaël van de Poppe, one of the popular analysts examining the technical data, predicts that it is possible for BTC to return to the level of $ 34 thousand soon. The analyst said, "Bitcoin held the critical level. This is great! The resistance levels at $29,700 and $30,000 need to be crossed. If that happens, we could test $32,700 and then $34,000." used the phrase.
Ethereum (ETH) started trading at the price levels of $ 1,980 after the losses recorded in the last 24-hour time frame. The total market cap of cryptocurrencies has dropped to $1.32 trillion. According to Coinglass data, an average of $170 million worth of short and long positions have been liquidated in the cryptocurrency market in the last 24 hours.