ETH/BTC Hits 2020 Low: Whale Selling Pressure Intensifies

According to TradingView data, the ETH/BTC exchange rate recently dropped to 0. 01791, marking its lowest level since 2020. At the same time, selling pressure from “whales” in the Ethereum (ETH) market continues to escalate, with a series of large transactions executed by institutions like Galaxy Digital, Paradigm, and an address associated with the Ethereum Foundation. ETH Whales Continue to Dump Data from OnchainDataNerd on X reveals that Galaxy Digital transferred an additional 5,000 ETH (worth approximately $8 source: https://beincrypto.com/eth-btc-hits-2020-low-whale-selling-pressure-intensifies/