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Dormant Ethereum whales moved coins for the first time since 2017, adding supply to a weak market as Ether traded just above $1,500 and long-term whale profitability fell below zero.
USDT briefly overtook Ethereum in market capitalization, raising questions about what the stablecoin’s growing dominance says about current crypto market sentiment.
Whale activity suggests high-leverage short positions have been reopened on Bitcoin and Ethereum, with the article pointing to key market levels, on-chain context, and risk notes.
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