🔥 Retail investors are shedding Bitcoin while whales are heavily investing in Ethereum.
🔥 Data indicates a significant increase in Bitcoin flows from short-term cryptocurrency holders to the Binance platform, with the weekly moving average jumping from around 10,000 to over 36,000 Bitcoin by the end of July.
🔥 This increase suggests an intention to sell, especially with the recent rise in prices that prompted retail investors to take profits.
🔥 In contrast, whale wallets withdrew more than $900 million in Ethereum from centralized exchanges on July 31, a sign typically understood as long-term accumulation and transfer of assets to cold wallets, away from immediate market volatility.
🔥 These movements occurred amid the stability of U.S. interest rate policy, which has rekindled institutional interest in cryptocurrencies.