Bitcoin and Ethereum experienced a decline in value at the end of October, causing concern among large holders. The daily amount of whale transactions, involving significant amounts of BTC, has decreased alongside the falling prices. Ethereum has seen a similar decrease in large transactions. The decline in whale activity is often associated with fear, uncertainty, and doubt in the market. One possible reason for the decline is the upcoming U.S. presidential elections, as the market anticipates a friendlier stance towards cryptocurrency from the future administration. Additionally, spot BTC exchange-traded funds saw outflows on November 1, after seven consecutive days of inflows in October.



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