Whales Make Big Bitcoin (BTC) and Ethereum (ETH) Moves 

• Whales moved ETH and BTC worth millions of dollars in and out of exchanges.
• ETH’s structure suggested a bullish divergence but a decline could also be imminent.
• BTC may drop to $40,000 as momentum has become bearish.

Bitcoin (BTC) and Ethereum (ETH) were subject to some major whale transactions, Whale Alert disclosed. According to the whale tracking handle, 1,335 BTC was transferred from Coinbase to an unknown wallet on December 30.

But that was not the only transaction involving Bitcoin. A few hours before the above transfer, another whale sent 3,144 BTC to Coinbase.

These two transactions implied that both whales involved were on opposite sides of the divide. While the first one plans to hold, the latter transfer suggests a sell-off. However, it was a different case for ETH.

Around the same period, $33.50 million worth of ETH was transferred into the Coinbase exchange. There was another 9,991 ETH moved into the same exchange hours before the lat…

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