An Ethereum whale that had been inactive for 9 years just woke up and moved 50,000 ETH worth $145 million to Gemini.
This wallet originally took out 135,000 ETH from Bitfinex back in 2017 when ETH was around $90, making roughly a 32x gain.
Even after this move, the wallet still holds 85,000 ETH worth about $244 million.
This wallet originally took out 135,000 ETH from Bitfinex back in 2017 when ETH was around $90, making roughly a 32x gain.
Even after this move, the wallet still holds 85,000 ETH worth about $244 million.
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Altcoin holders may be disappointed again.
Bitcoin gains did not rotate into alts because institutions do not follow retail cycles.
Gold and Silver strength will not rotate either because central banks drive that demand.
For a real altcoin rally, at least one of these is needed
β’ Regulatory clarity like the Clarity Act
β’ A major liquidity wave like 2020 to 2021 QE
A few alts can still perform well.
Most may slowly fade while only a select few survive.
Bitcoin gains did not rotate into alts because institutions do not follow retail cycles.
Gold and Silver strength will not rotate either because central banks drive that demand.
For a real altcoin rally, at least one of these is needed
β’ Regulatory clarity like the Clarity Act
β’ A major liquidity wave like 2020 to 2021 QE
A few alts can still perform well.
Most may slowly fade while only a select few survive.
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