How Are Crypto Whales Trading Bitcoin and Ethereum?

Recent on-chain data from Binance reveals a significant divergence in whale activity between Bitcoin (BTC) and Ethereum (ETH). This highlighted contrasting market sentiments as investor caution intensifies. While large holders of BTC exhibit conflicting behaviors, ETH whales demonstrate a unified strategy, consistently withdrawing funds from the exchange. The divergence highlights how large investors are treating the two largest cryptocurrencies differently. Bitcoin Faces Whale Tug-of-War While Ethereum Marches Forward  In a recent X (formerly Twitter), on-chain analyst Murphy highlighted that from August 13 to September 3, Binance’s Bitcoin balance rose by 7,709 BTC. This suggests that more coins were being deposited than withdrawn. “During this period, the amount of BTC bought and withdrawn from the exchange was less than the amount…