The cryptocurrency market is experiencing heavy volatility, leading to confusion among investors. However, whales and investors are taking advantage of discounted prices and accumulating valuable tokens. A prominent crypto expert has highlighted that whales have been adding millions of dollars worth of Ethereum (ETH) to their portfolios. This is evident from the withdrawal of over 1 million ETH from exchanges, indicating potential accumulation and creating buying pressure. The current market sentiment shows stronger short positions compared to long positions, with short traders having the ability to easily liquidate long positions. Ethereum's price has dropped by over 4.10% in the past 24 hours but trading volume has also decreased by 17%, suggesting lower participation from traders and investors.



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