Ethereum Sees a Higher Liquidation Than Bitcoin Amid Crypto Bearish Market


On the other hand, Ether — which failed to stay above the $4,000 price level in December, implies a weakening market at the time.

According to Shaurya Malwa, an analyst for Coindesk’s markets “Among the major sellers in the past two months was the Ethereum Foundation, a nonprofit that oversees development on the Ethereum network. The foundation moved 20,000 ethers, worth over $90 million at the time, from its cold wallet to crypto exchange Kraken in November, which may have contributed to some of the selling pressure in the past two months.”


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