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Can whales push Bitcoin, Ethereum to break past previous ATHs
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ambcrypto.comOctober has provided the much-needed kickstart to Bitcoin and Ethereum’s price rallies. Both the assets have notably created local highs over the last couple of days.
At the time of writing, however, Bitcoin was trading at the brink of $60k, while Ethereum was seen exchanging hands at $3.7k. In fact, the price of both the large-cap coins seemed to be heading further south, indicating deficient momentum in their respective markets.
Source: TradingView
Major Bitcoin rallies in the past have been led by whales, and looks like the same would happen this time around too. Consider this – The number of Bitcoin addresses holding 100 to 1k BTC have surged by more than 250 in just the past five-odd weeks. This amounts to a cumulative 2% incline.
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