From Financial Modeling Prep: 2025-03-30 06:06:00

Recent data and analysis indicate Ethereum and Bitcoin may see downside risks. Whales have moved 200,000 ETH, raising concerns. Bloomberg’s Mike McGlone warns of Ethereum dropping to $1,000 and Bitcoin to $10,000, impacting the broader market, including the S&P 500.

Large Ethereum holders have shifted 200,000 ETH worth $376 million in two weeks, reducing whale balances.

Mike McGlone suggests Ethereum’s struggle to reach $2,000 could lead to a drop to $1,000, affecting altcoins and the S&P 500.

Bitcoin’s performance resembles the dot-com bubble burst, with investors moving funds from Bitcoin ETFs to gold ETFs. A potential crash to $10,000 could trigger panic.

McGlone warns that if Bitcoin does not stabilize, the S&P 500 and other risk assets could follow, with ETF outflows exacerbating the decline.

Monitoring real-time data on Ethereum and Bitcoin trends is crucial for investors to navigate volatile markets.



Read more at Financial Modeling Prep:: Ethereum and Bitcoin: Bearish Signals or Market Ov…