Whale Activity Drives Volatility in ETH, BTC Markets

Recent major whale activity is significantly impacting both Ethereum and Bitcoin markets. In Ethereum, several whales have accumulated large positions, utilized DeFi protocols for leveraged exposure, and executed profitable trades, indicating rising bullish sentiment and confidence in ETH's price potential. One whale amassed over 122,000 ETH via FalconX, currently holding a $41 million profit, while others have withdrawn over $79 million from exchanges, suggesting long-term strategies. On-chain data and increased institutional flows support optimism for ETH, especially if it surpasses resistance levels between $3,600 and $3,800, though traders are cautioned to watch key supports. Meanwhile, early Bitcoin whales have sold large quantities, with one offloading 80,000 BTC worth $9.6 billion, raising concerns about market corrections. Overall, whale transactions are shaping the near-term outlook and trading opportunities for both major cryptocurrencies.