Retail Dumps Bitcoin (BTC), Whales Go Heavy on Ethereum (ETH)
Main Idea
Retail investors are selling Bitcoin while large Ethereum holders show long-term bullish behavior, with a widening volatility gap between ETH and BTC reflecting divergent market trends.
Key Points
1. Bitcoin inflows from short-term holders to Binance surged from 10,000 BTC to over 36,000 BTC by late July, leading to a price pullback near $114K on August 1st.
2. Ethereum whale wallets withdrew over $900 million worth of ETH from exchanges on July 31, signaling long-term bullish positioning.
3. The ETH-BTC volatility gap widened, with ETH’s 30-day volatility now 30% higher than BTC’s, up from 24% a month ago.
4. A wave of realized profits ($6-8 billion) at the end of July suggests institutions may be de-risking ahead of an expected turbulent Q3.
5. The options market shows bearish signals, with BTC’s 30-day skew flipping from +3% to negative.
Description
Retail investors appear to be offloading Bitcoin, even as large Ethereum holders significantly increase their stash. This depicts a clear divergence in market behavior. Diverging Strategies On-chain data shared by CryptoQuant shows that the 7-day moving average of Bitcoin inflows from short-term holders (STHs) to Binance surged from around 10,000 BTC to over 36,000 BTC by the end of July. This dramatic rise in exchange deposits typically signals an intent to sell, particularly when prices have r...
Latest News
- Visa Adds More Stablecoin Support, Taps Stellar and Avalanche Chains2025-08-01 22:30:09
- Bitcoin Price Plummets Toward $113K as Total Liquidations Approach $1 Billion2025-08-01 20:23:46
- Metaplanet to Raise Another $3.7 Billion for Further Bitcoin Purchases2025-08-01 20:20:10
- Ripple (XRP) Price Holds Strong Relative to Broader Altcoin Meltdown2025-08-01 20:18:40
- Cardano (ADA) Gears Up for Big Move as Analyst Sees Cycle Repeat2025-08-01 19:25:44