Santiment Reports Top Exchange Wallets Hold Less ETH - TheNewsCrypto

• The top ten non-exchange wallets own 24.78 million Ether.
• The top 10 whale wallets owned 21.38% of all circulating Ether.

According to Santiment, the biggest wallets linked to cryptocurrency exchanges possess 8 times as much Ether as the top 10 wallets linked to exchanges.

On the daily timeframe, the price of $ETH not only fell below $4,000 but also closed below this critical level. Ethereum ($ETH) hasn’t seen a complete candle body below the $4K threshold since October 19, assuming no shocks occur today. As a result, the bullish trend came to a stop for the time being.

ETh/USDT: Source: TradingVIew

The sellers have taken control of the market movement when $ETH fell below a critical support level. For $ETH, more declines below support levels of $3,750 and maybe $3,000 in the mid-long term are likely if a rebound isn’t possible anytime soon.

Analytics Report on $ETH Held

In a recent tweet, the analytics firm revealed the information. For some time, the 10 largest non-exchange Ethereum wallets have held significantly more $ETH than the 10 largest central exchange addresses, according to Santiment’s analytics team. The top ten non-exchange wallets own 24.78 million Ether, while the top ten wallets on crypto exchanges hold 3.82 million.

According to experts, these massive non-exchange wallets have nearly caught up to the record of 26.63 million achieved in June 2016. After another large buy in September, the top 10 whale wallets owned 21.38% of all circulating Ether. According to CoinMarketCap, the Ethereum price today is $3,823.97 USD with a 24-hour trading volume of $26,148,718,831 USD. Ethereum has been down 0.78% in the last 24 hours.