[LIVE] Crypto News August 5 – Which Crypto to Buy Today for Long-Term Gains? BTC And ETH Accumulation Surges Despite DEX Slowdown
Monday brought some relief to the market after a weekend that saw hundreds of millions worth of longs liquidated. But beneath the surface, smart money continues to accumulate select assets. So, which crypto should you buy today for long-term gains? While Bitcoin dropped below $112,000 and Ethereum briefly dipped under $3,400, whale and institutional activity.. The post [LIVE] Crypto News August 5 – Which Crypto to Buy Today for Long-Term Gains? BTC And ETH Accumulation Surges Despite DEX Slowdown appeared first on 99Bitcoins.
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Monday brought some relief to the market after a weekend that saw hundreds of millions worth of longs liquidated. But beneath the surface, smart money continues to accumulate select assets. So, which crypto should you buy today for long-term gains? While Bitcoin dropped below $112,000 and Ethereum briefly dipped under $3,400, whale and institutional activity tells an interesting story.
According to Lookonchain’s weekly report, 16 public companies purchased a combined 31,478 BTC worth $3.61 billion. MicroStrategy alone added 21,021 BTC ($2.46B), reinforcing its long-term bullish outlook. On the Ethereum side, 12 new wallets acquired 225,099 ETH ($819M), contributing to a total of 808,347 ETH ($2.85B) accumulated since July 9. SharpLink, a major whale, now holds over 498,000 ETH worth $1.81 billion.
Meanwhile, Ethereum accumulation continues to gain momentum. Whales and institutions are not slowing down. Just today, three fresh wallets acquired 63,837 ETH ($236M) via FalconX and Galaxy Digital OTC. Since July 9, 14 new wallets have collectively bought 856,554 ETH, worth an estimated $3.16 billion.
$ETH is looking incredible here
1) Broke out from down channel (red)
2) Entered again main uptrend (black)Expecting it to consolidate a bit longer within the lower side of the channel before reclaiming the upper side and going for new highs
Patience is key here
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