Whales and miners are increasing BTC and ETH accumulation while SHIB is about to start a big rally

Digital asset analyst Santiment says traders should keep a close eye on an on-chain metric likely to signal major rallies for the Shib Inu. In particular, the number of SHIB whale trades exceeded $ 100,000. BTC

“When these transactions are done in batches, the price usually goes up.”

The source: Mood / Twitter

The Shiba Inu is trading at $ 0.0000278 at press time, up 112.4% over the past two weeks.

Source: TradingView

SHIB got a boost last month when Coinbase listed it on all platforms. Earlier this month, Tesla CEO Elon Musk tweeted a photo of his Shiba Inu puppy, sparking another protest for the “Terminator” Dogecoin.

Santiment also looks at Ethereum and finds that the miners have added more than $ 2.2 billion to ETH in the past few months.

“Ethereum is back above $ 3,900 for the first time in about six weeks, and an interesting phenomenon is that miners’ balances are growing inappropriately. In the past three months, miners have added 580,000 to their existing pool from 658,000. “

The source: Mood / Twitter

Regarding Bitcoin, the analytics firm says the number of addresses with balances between 100 and 1,000 BTC continues to trend upwards.

“The number of Bitcoin addresses holding between 100 and 1,000 BTC has increased dramatically in the past five weeks. Compared to five weeks ago, there are now 254 more whale addresses, a remarkable 1.9% increase in such a short period of time. “

The source: Mood / Twitter

Bitcoin is trading at $ 63,843 at press time, after hitting a high of $ 64,434 and rising more than 25% in the past two weeks.

Source: TradingView

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