Whale Activity Boosts Bitcoin & Ethereum: Market Positioning Hints at Shifting Landscape

Recent data suggests a significant shift in cryptocurrency markets as large holders are moving strategically. Bitcoin whale activity surged to its highest level since late August, with 6,311 transactions exceeding $1 million recorded between October 26th and 28th. Meanwhile, Ethereum’s reserves on exchanges dropped by over one million coins since September. These moves coincide with a surge in large transaction volumes and indicate a possible repositioning of assets for longer-term holding strategies.