Old Ether wallets recently moved a total of 37,806 ETH, marking a significant shift amid changing market conditions. This movement coincides with long-term whale profitability turning negative for the first time since 2019, according to CoinTelegraph.
The decline in whale profitability indicates that large holders of Ether are experiencing reduced gains, prompting notable transactions from older wallets. This development may signal a shift in market sentiment among major investors in the crypto space.
For Japanese investors, who closely monitor whale activity as a gauge of market momentum, this trend could influence trading strategies across crypto and FX markets, especially given Japan's active participation in digital asset investments.