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Cryptocurrency Price Speculations / Re: ETH: SmartWhale accumulates large amount (2023.03.28)
« on: May 31, 2024, 05:10:05 PM »From all your explanation there is a confirmation about that and currently the approval of Bitcoin ETF has suddenly caterputed the price of bitcoin to create new ATH even before bitcoin halving since from then the price of bitcoin and ethereum has never moved above 71k and 3.8k for eth. The market is truly being controlled by whales and can be easily manipulated.On-chain analysis uses data on whale behavior to assess market conditions and predict future volatility. This conspiracy theory is indeed attractive and has many times helped professional analysts to take the initiative in investment planning and profit optimization. BTC and ETH are large assets chosen by many investment funds, I believe that their price fluctuations are deeply affected by the manipulation of these investment funds.
Currently, before ETH Spot ETFs are traded, we see a lot of activity moving large amounts of ETH between whale-related addresses. I think they are preparing to make huge profits from the rise in ETH price as soon as traditional investors can trade ETH Spot ETFs.