Whales Favor Ethereum Over Bitcoin

🟣Fresh Binance data reveals diverging whale behavior between Bitcoin and Ethereum. Since mid-August, BTC balances on the exchange have grown by 7,709 coins, suggesting rising selling pressure. Large holders appear split — some are moving BTC onto exchanges, while others are pulling it off, fueling market uncertainty.

🟣ETH tells a different story: over the same period, 1.616 million ETH have been withdrawn from Binance. Whales are acting in sync here, reducing supply and signaling long-term confidence. For the first time, exchange balances for Ethereum have turned negative, pointing to strategic accumulation and potential upside momentum.