Bitcoin and Ethereum Are Pushing Higher, So Why Are Cardano Whales Selling 30M ADA?
- Cardano whales holding 100M-1B ADA have sold off 30 million tokens in the last seven days alone
- The selling comes as historical Bitcoin halving cycles suggest a market peak is due by October 2025
- Despite the whale sale, ADA has shown relative strength against peers like Avalanche and Dogecoin YTD
The crypto market has started September on an upswing, with total market capitalization climbing to $3.81 trillion after a 2.1% gain in the past 24 hours. Bitcoin led the charge, holding steady above $110,000, while Ethereum edged higher near $4,380. XRP made a 3% jump, and Solana added more than 7% in the past week.
However, analyst Ali Martinez has observed that at the same time, large Cardano holders offloaded 30 million ADA in just a week.
Is the Crypto Bull Market Nearing Its Peak?
The concern over the whale selling comes as the entire crypto market is entering a historically critical window.
What does the historical halving cycle suggest?
Historically, bull markets top out 12 to 18 months after the Bitcoin halving. That puts the peak window for this cycle squarely between August and October 2025, meaning we could be in it right now. If that timeli…
The post Bitcoin and Ethereum Are Pushing Higher, So Why Are Cardano Whales Selling 30M ADA? appeared first on Coin Edition.
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Bitcoin and Ethereum Are Pushing Higher, So Why Are Cardano Whales Selling 30M ADA?
- Cardano whales holding 100M-1B ADA have sold off 30 million tokens in the last seven days alone
- The selling comes as historical Bitcoin halving cycles suggest a market peak is due by October 2025
- Despite the whale sale, ADA has shown relative strength against peers like Avalanche and Dogecoin YTD
The crypto market has started September on an upswing, with total market capitalization climbing to $3.81 trillion after a 2.1% gain in the past 24 hours. Bitcoin led the charge, holding steady above $110,000, while Ethereum edged higher near $4,380. XRP made a 3% jump, and Solana added more than 7% in the past week.
However, analyst Ali Martinez has observed that at the same time, large Cardano holders offloaded 30 million ADA in just a week.
Is the Crypto Bull Market Nearing Its Peak?
The concern over the whale selling comes as the entire crypto market is entering a historically critical window.
What does the historical halving cycle suggest?
Historically, bull markets top out 12 to 18 months after the Bitcoin halving. That puts the peak window for this cycle squarely between August and October 2025, meaning we could be in it right now. If that timeli…
The post Bitcoin and Ethereum Are Pushing Higher, So Why Are Cardano Whales Selling 30M ADA? appeared first on Coin Edition.
Read More
Which Altcoins Should You Be Watching? Analysts are Focused on ETH and ADA