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Crypto

ETH and BTC Holders Split as Prices Climb

Guavy AI Editorial Team
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Ethereum and Bitcoin holders have been behaving differently during their recent price rallies. According to data from Santiment, Ethereum holders pulled 1.4 million coins off exchanges since June 3, a 18% drop in tradable supply.

Bitcoin holders, on the other hand, left their coins on exchanges during the same period. The two largest assets rallied together, but their owners responded in opposite ways.

The data also shows that Ethereum rose roughly 27% between August 16 and August 27, while Bitcoin gained 26.5%. Neither asset was falling when their holders chose to withdraw or leave their coins on exchanges.

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