🐳 WHALE FLIP FLOP: FROM $BTC TO $ETH ?
On-chain data shows whales are gradually increasing their Ethereum holdings:
One large wallet exchanged 502.8 BTC → 14,500 ETH
Then continued to exchange 1,969 BTC → 58,149 ETH
→ Clearly pivoting to ETH, not just trading for fun 😏
📊 Cash flow confirms the trend:
Whales are accumulating $ETH on Coinbase & OKX
~17 million USD net spot purchases in just 3 weeks
Derivatives are also very tight: >3.3 billion USD of ETH futures contracts traded
📈 Performance speaks for itself:
ETH has increased >16% from the November low, currently around $3,075
BTC during the same period has only increased ~9%
Bitcoin Dominance is still struggling below the 60% mark
🏦 ETH supply on exchanges has decreased significantly:
248,700 ETH ($766M) withdrawn from exchanges in just 5 days
→ Long-term accumulation signs + tightening circulating supply
💭 Big question:
Will the next season see ETH flip BTC's ROI?
This season learned the lesson of buying BTC, next season who knows the dealer might change the game, pushing ETH =))
⚠️ This article is meant for casual on-chain discussion, not investment advice. It's the market, today the whale buys – tomorrow the whale sells, you take responsibility 😆.
