BTC Whales Selling, ETH Whales Accumulating as Market Trades Sideways

After experiencing a correction following its surge above $87,000 about two weeks ago, Bitcoin has been trading sideways between $82,000 and $85,000 in recent days.

An analyst analyzed the transactions of Bitcoin, Ethereum, and XRP whales to see what they're doing during this quiet period.

According to Ali Martinez, who analyzes whale movements from account X, large cryptocurrency whales took different positions last week while the overall market traded sideways.

BTC whales reduced their positions by approximately 30,000 BTC in the past week, while ETH whales accumulated around 60,000 ETH during the same period. In contrast, XRP whales' holdings remained largely stable at about 3.9 billion XRP.