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Glassnode: Whale Activities Dropping on Bitcoin and Ethereum

Published 2023-02-01, 02:17 a/m
Updated 2023-02-01, 02:45 a/m
© Reuters.  Glassnode: Whale Activities Dropping on Bitcoin and Ethereum

Coin Edition -

  • Glassnode shows whale participation is fading away for Bitcoin and Ethereum.
  • Number of ETH addresses holding up to 1,000 coins and above reached a one-month low.
  • Whales are taking profit from recent market rallies.

On-chain analysis platform, Glassnode shows whale participation is fading away on the network of the two frontline cryptos, Bitcoin and Ethereum. According to details reported by the on-chain market intelligence platform, the BTC amount of supply last active for three to five years has dropped to a two-year low. The platform also reported that the number of Ethereum wallets holding ETH tokens of 10,000 and above also fell to a 1-month low.

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