Whale activity shows heavy BTC and ETH movement. Is this $3.1B rotation just positioning for the next leg, or are we seeing a short-term top forming on the perps books?
255 large-value transfers totaling $3.1B in 24 hours. BTC, ETH, HYPE, ZEC, and SOL lead the outflows. That volume is significant, yet the distribution across altcoins suggests some are just liquidity being shuffled. Bears are active, but is this a distribution or just market makers rebalancing positions? The divergence in sentiment is clear, but volume alone doesn't dictate price direction.
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