Whales panic as market corrects
Bitcoin and Ethereum have been struggling as October came to an end, triggering fear, doubt and uncertainty among large holders.
Bitcoin (BTC) dropped 1.75% in the past 24 hours and is trading at $68,500 at the time of writing. Its market cap is currently sitting at the $1.35 trillion mark with a daily trading volume of $23 billion.
According to data provided by IntoTheBlock, the daily amount of whale transactions, consisting of at least $100,000 worth of BTC, have started to decline with the asset’s price fall—plunging from $67.8 billion on Oct. 29 to $21.1 billion on Nov. 2.
Ethereum (ETH), the leading altcoin, recorded a similar momentum to Bitcoin. ETH…
