Reports indicate an erroneous event of an $11 billion Bitcoin whale selling $330 million in Ethereum while opening a $748 million long position on top cryptocurrencies, contrasted by ETH accumulation trends.
The highlighted selling narrative contradicts on-chain data showing Ethereum accumulation and BTC long-term holdersโ stability, sparking curiosity about potential misinterpretations in a volatile crypto market.
Reports of an $11B Bitcoin whale selling $330M ETH dismissed as Ethereum accumulation continues.
Bitcoin Whale Accumulates 120,000 ETH Instead of Selling
Reports emerged regarding an alleged sale of $330 million ETH by a prominent Bitcoin whale. However, recent data instead highlights Ethereum whales accumulating approximately 120,000 ETH. Meanwhile, Bitcoin long-term holders have halted their sales for the first time since July.
Despite the speculation, on-chain data confirms ongoing accumulation rather than selling. Both assets, Ethereum and Bitcoin, are influenced by investorsโ strategic decisions.
Investor Reactions Reveal Confidence in Crypto Assets
Market responses were mixed despite lack of verified transactions. Ethereum accumulation demonstrates investor confidence, while the halt in Bitcoin selling suggests potential positive market sentiment for both crypto assets.
Ted Pillows, Crypto Investor and Entrepreneur โ โLong-term Bitcoin holders have stopped selling for the first time since July 2025. Things are looking good for a relief rally here.โ
These developments offer insights into investor behavior, with Ethereum and Bitcoin poised for potential rebounds. Data trends from long-term BTC holders and ETH whales suggest shifts in market strategies and influence future trajectories.
Historical Data Points to Possible Market Rebounds
Past instances of significant market moves include BTC whales doubling long positions, prompting rebounds. The present conditions align with previous cycles, where accumulation leads to market support and possible gains.
Experts suggest current actions mirror prior trends, predicting probable upward shifts. Insights indicate strategic accumulation as a cue for potential market gains, reinforcing crypto investment patterns aligning with historical data.
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