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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Whale Activity And Market Declines Drive Ethereum Volatility

The recent dip in Ethereum’s price has prompted significant movements among crypto whales, as some have resorted to selling $ETH to cover debts. In the past two days, a single whale deposited a total of 31,968 $ETH (valued at $122.3 million) to Binance, with 22,746 $ETH ($77.7 million) moved in the last five hours alone. The funds were exchanged for stablecoins to repay loans on platforms like Spark and Aave. The recent price drop forced whales to sell $ETH to repay debts. A whale deposited 22,746 $ETH ($77.7M) to #Binance in the past 5 hours and withdrew stablecoins from #Binance to repay debts on #Spark and #Aave . And this whale has deposited a total of 31,968 $ETH ($122.3M) to… pic.twitter.com/vhw9J1KTkP — Lookonchain (@lookonchain) December 20, 2024 The Ethereum Foundation also made headlines after its timely sale of 100 $ETH on December 17. This transaction coincided with a 17% drop in $ETH’s price, marking yet another well-timed top sale. Over the past year, the foundation has sold 4,466 $ETH ($12.6 million) across 32 trades, with nearly half executed at market peaks. Since the #EthereumFoundation sold 100 $ETH on Dec 17, the price of $ETH has dropped by ~17%, marking another successful top sale. Over the past year, #EthereumFoundation has sold 4,466 $ETH ($12.6M) across 32 trades, with 15 of them executed at the top(marked in red in the… pic.twitter.com/DA7nGAgbxr — Lookonchain (@lookonchain) December 20, 2024 As prices fell, the losses extended to other prominent traders. Trump’s World Liberty (@worldlibertyfi) recorded a $6.15 million loss on its recent acquisitions, primarily driven by a $4.86 million hit from $ETH. As the market declined, #Trump `s World Liberty`s recent purchases of $ETH , $WBTC , $AAVE , $LINK , $ENA , and $ONDO fell into the red, with a total loss of $6.15M. The biggest loss came from $ETH , totaling $4.86M. https://t.co/aOEC9OCBT1 pic.twitter.com/4SL29JpFFj — Lookonchain (@lookonchain) December 20, 2024 Despite this, the entity continues to buy the dip, purchasing 759 $ETH for $2.5 million just 20 minutes ago. In total, World Liberty has accumulated 9,587 $ETH ($35 million) at an average price of $3,651, narrowing its $ETH losses to $3.4 million. Trump`s World Liberty( @worldlibertyfi ) spent 2.5M $USDC to buy 759 $ETH again 20 minutes ago. So far, #WorldLiberty has bought a total of 9,587 $ETH ($35M) at an average price of $3,651. Their loss on $ETH has narrowed to $3.4M. https://t.co/h3YVUEyx6L pic.twitter.com/yAeUqGet1r — Lookonchain (@lookonchain) December 20, 2024 Adding to the turbulence, the Ethereum spot ETF experienced a net outflow of $60.47 million on December 19, breaking an 18-day streak of inflows. Ethereum spot ETF had a total net outflow of $60.4677 million on December 19, the first net outflow after the net inflow in the past 18 days. https://t.co/Tvs2oCSxTg pic.twitter.com/tO6fltURdn — Wu Blockchain (@WuBlockchain) December 20, 2024 The combination of whale activity, foundation sales, and institutional outflows highlights Ethereum’s volatility amid the broader market decline. While some traders seek opportunities to buy the dip, the market remains uncertain as losses continue to mount. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: nexusplexus/ 123RF // Image Effects by Colorcinch The Daily Hodl

Veteran Trader Peter Brandt Sees Bitcoin Flashing Bearish Signal, Warns BTC Crashing Below $80,000 a Possibility

Veteran trader Peter Brandt is warning that a bearish signal is flashing for Bitcoin, indicating that BTC might head to much lower prices. Brandt tells his 763,600 followers on the social media platform X that Bitcoin may be forming a bearish reversal pattern on the daily chart that could lead to a dip into the $70,000 range. “Hey trolls, this is not a prediction. Just always pointing out possibilities, not probabilities, not certainties. No screenshot is necessary. BTC right-angled broadening triangle could project back into the $70,000s and a test of the parabolic modality.” Source: Peter Brandt/X Looking at the trader’s chart, he seems to predict that BTC may drop to as low as $76,614 if it shatters support at around $90,000. Bitcoin is trading for $97,201 at time of writing, up fractionally in the last 24 hours. Brandt is also warning that Ethereum ( ETH ) rival Cardano ( ADA ) may be printing a head and shoulders pattern on the daily time frame and could plunge if the support level at $0.91 fails to hold. A head and shoulders pattern is typically considered a bearish reversal structure in technical analysis, suggesting that the asset’s uptrend is over. “Cardano looks like a potential car crash.” Source: Peter Brandt/X ADA is trading for $0.95 at time of writing, up 7.2% in the last 24 hours. Lastly, Brandt suggests that payments-focused altcoin XRP is printing a bullish continuation pattern on the daily chart. “XRP appears to be resolving a half-mast flag. If so, distance to the upside should equal advance into the tip of flag.” Source: Peter Brandt/X XRP is trading for $2.28 at time of writing, up slightly in the past day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Veteran Trader Peter Brandt Sees Bitcoin Flashing Bearish Signal, Warns BTC Crashing Below $80,000 a Possibility appeared first on The Daily Hodl . The Daily Hodl

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