According to Lookonchain, Ethereum whales are actively selling their holdings, with wallet 0xc19D depositing 8,922 ETH, valued at $14.82 million, to Kraken within one hour. Concurrently, wallet 0x4e7a sold 8,001 ETH for $13.06 million at a price of $1,632 each. This significant movement suggests potential bearish pressure on Ethereum prices, indicating a possible short-term trading opportunity for investors.

According to Santiment (@santimentfeed), the recent biweekly market update in collaboration with @Bybit_Official highlights several critical events influencing trading strategies. The $LIBRA scandal is noted as a significant market disruptor, prompting traders to reassess risk exposure. Additionally, Bitcoin and Ethereum have seen increased whale accumulation, suggesting potential upward price pressures. The report also details a technical breakout in Litecoin, indicating possible bullish trends. These insights provide traders with actionable information to adjust their portfolios accordingly.

According to IntoTheBlock, Ethereum whales have significantly increased their holdings, now possessing 43% of the total supply, up from 22% in early 2023. This accumulation is linked to the Ethereum merge and enhanced staking opportunities, indicating strong institutional confidence in Ethereum's long-term potential. Traders should monitor whale behavior as it could impact market liquidity and price volatility. Source: IntoTheBlock.