Ether and Bitcoin whale transactions spiked on Wednesday suggesting the bottom might be close

The recent crypto market downturn, which sent the prices of popular tokens such as Bitcoin (BTC) and Ether (ETH) plunging, has deterred some investors. However, whales remain unfazed by the market-wide losses and have been busy buying and selling Ether, driving high-value ETH transactions to levels not seen since January this year. Based on data from the market intelligence platform for cryptocurrencies Santiment, Ether whales made a total of 2,956 transactions with a value of over $1 million on Wednesday, Cointelegraph reported. The spike marked the highest day of whale transactions in...


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