The Crypto Market Tries Recovering From The Debacle Between FTX and Binance
November 16, 2022
Hello Bubble Riders!
Today we are looking at Whale activity for the top 100 crypto wallets and some “smart money” wallets on the Ethereum blockchain.
Let’s start with data from whalestats.com. The relevant portion is contained in these two lists–top coins sold and purchased.
- ETH stands at being a net-sell at $239k.
- USDT is a net-buy at $200k
- Overall, Whales have continued to move into stablecoins and are preparing for a larger ETH decline.
Notably even the Whales are stuck holding FTX, like the rest of us.
Stay safe out there everyone!
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