Ethereum

Bitcoin

when

Coin

<ul class="news-points wp-block-list">
 <li>Increased whale activity signals potential short-term price declines for Bitcoin and Ethereum.</li>
 <li>Bitcoin struggles near $62,500, facing resistance at $63,210 and support at $62,000.</li>
 <li>Ethereum’s price trend mirrors Bitcoin’s, with critical support at $2,400 and resistance at $2,475.</li>
</ul>
Whale activities in the cryptocurrency markets, particularly for Bitcoin and Ethereum, have increased in the past week, according to CryptoQuant <a href="https://cryptoquant.com/insights/quicktake/6704624fc3308838d2849db9-BTC-WHALE-REAL%C4%B0ZED-PROFIT-OR-LOSS" target="_blank" rel="noopener noreferrer nofollow">data</a>. The actions of these large-scale investors are important for predicting potential price movements, especially when it comes to whether they are realizing profits or losses.
Their activities often show key shifts in the market and are closely monitored by traders. As Bitcoin and Ethereum whales start to realize their profits or losses, this can affect the overall market trend, giving us clues about where the market could head next.
<h2 class="wp-block-heading" id="h-bitcoin-whales-a-signal-for-a-short-term-decline">Bitcoin Whales: A Signal for a Short-Term Decline?</h2>
<a href="https://coinedition.com/is-now-the-time-to-buy-crypto-market-faces-bearish-pressure-amid-turmoil/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Bitcoin</a> whales, who hold massive amounts of the cryptocurrency, have started to realize their profits or losses. Historically, when these investors take profits, it often comes before a price decline. On the other hand, realizing losses usually shows fea…
The post <a href="https://coinedition.com/bitcoin-and-ethereum-whales-take-profits-signaling-potential-dip/" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Whales Take Profits, Signaling Potential Dip</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin and Ethereum Whales Take Profits, Signaling Potential Dip

Table of Contents

Coin Edition

Other articles published on Oct 8, 2024

Shiba Inu (SHIB) Skyrockets 109% in Activity Amid $229 Million Market Sell-off

HKVAX Emerges As Latest Crypto Hub Powerhouse In Hong Kong

Crypto Insiders Reveal 5 Altcoins Set for Massive Growth by End of 2024

Coinbase users can now send BTC to Taproot addresses

Intel Markets presale leads the way this Uptober while SOL and ETH follow

Len Sassaman Leads Polymarket Odds for Satoshi in HBO Documentary

Join our free newsletter for daily crypto updates!