- Bitcoin whales sell over 34,000 BTC worth approximately $2.6 billion, while Ethereum whales shed 17,800 ETH.
- XRP whales accumulate 65.32 million tokens worth nearly $72 million over four days, contrasting with BTC and ETH distribution.
- Santiment records bearish sentiment ratios of 0.82 for BTC, 0.88 for ETH and 0.49 for XRP, signaling widespread pessimism.
Bitcoin and Ethereum whales have reduced their holdings during the latest market downturn, while XRP holders increased their positions. According to analyst Ali Charts, large Bitcoin wallets sold more than 34,000 BTC, while Ethereum whales shed 17,800 ETH. However, XRP whales accumulated 65.32 million tokens over four days, according to Santiment Intelligence.
Bitcoin and Ethereum Whales Reduce Their Holdings
Ali Charts reported that Bitcoin whales sold more than 34,000 BTC over the past week. The distribution occurred as Bitcoin fell from $79,000 to below $73,000. At the reported prices, the reduction represented approximately $2.6 billion in holdings.
Ethereum whales also reduced their exposure during the same period. Large holders shed approximately 17,800 ETH over the past week. Based on recent prices, those sales represented roughly $40 million.
Notably, both assets recorded whale selling, although their reported reduction differed considerably in dollar value. Ali Charts identified distribution across Bitcoin and Ethereum wallets during the downturn.
XRP Whales Accumulate Nearly $72 Million
XRP recorded a different trend as large holders increased their positions. According to Ali Charts, whales accumulated approximately 65.32 million XRP over four days. The purchases represented nearly $72 million at the reported valuation.
Unlike Bitcoin and Ethereum, XRP wallets showed increased holdings during the same market period. Ali Charts highlighted this difference in the wallet activity being monitored. The analyst reported selling across BTC and ETH, while XRP whales continued buying.
Santiment Reports Rising Bearish Retail Sentiment
Meanwhile, Santiment Intelligence reported growing bearish sentiment toward Bitcoin, Ethereum, and XRP across social platforms. Its data covered discussions on X, Reddit, Telegram, and other platforms.
Bitcoin recorded 0.82 bullish comments for every bearish comment. Ethereum registered 0.88, while XRP posted the lowest reading at 0.49. Santiment also noted that bearish commentary outweighed bullish discussions across these cryptocurrencies.
The platform identified this sentiment alongside continued market weakness and trader pessimism. Its assessment linked the prevailing negative sentiment to the potential for a strong relief rally if bearish commentary persists.
