Ethereum Whales Accumulate Bitcoin And Dogecoin Rival Shiba Inu

The world’s largest ETH whales accumulate Bitcoin and a new altcoin. Take a look below to see the latest news about the digital asset and the enthusiasts accumulating it.

It’s been just revealed that according to on-chain data from whale-tracking website WhaleStats, over the last 30 days, deep-pocketed Ethereum investors have been accumulating the Bitcoin-pegged Ethereum asset Wrapped Bitcoin (WBTC), security protocol Stronger (STRNGR) and Bored Ape Yacht Club toke ApeCoin (APE).

The ETH whales have also been cutting away digital assets such as Dogecoin competitor SHIB, gaming metaverse token The Sandbox (SAND), and FTX Token (FTT), the native asset of crypto exchange platform FTX.

The crypto market is showing signs of reversal following a short period of corrections. At the moment of writing this article, Bitcoin is trading in the green.

The pseudonymous crypto analyst Plan B says that, barring a black swan event, all the indicators point to a bright future for Bitcoin (BTC) in the coming months.

During a YouTube interview with Blockware Intelligence, Plan B is laying out the case for why he thinks numerous Bitcoin metrics look so cheerful.

“At the risk of being called a moonboy, all the signals, whether you look fundamentally, like stock-to-flow [S2F] for example or on-chain, realized cap or other metrics, or in the news, the macro news, the number of countries that are opening up to Bitcoin. Everything is positive.”

In a new video update, Pizzino said that it’s “not too far out of the question” for Bitcoin to rally by around 25 times and reach a price of $1,000,000.

The analyst also said that for Bitcoin to reach a $1,000,000 price, the flagship crypto asset has to overcome challenges such as severing its tie to equities. According to Pizzino, Bitcoin is highly correlated to the Nasdaq stock index.