Ethereum

Bitcoin may have trouble sustaining its bullish trend due to increased selling pressure from some whales. This comes as the crypto community is eagerly anticipating more gains for Bitcoin during the month of October, often referred to as "Uptober." According to recent data by Whale Alert, a BTC whale moved 3,333 BTC (worth approximately $213 million) from his private wallet to Coinbase. The transfer indicates that the whale is planning to sell the coins in order to book profits, as Bitcoin is still on highs compared to previous levels seen in the last couple of months. While selling for profit is common among investors, such large transactions can create short-term market pressure. Despite this, it is not necessarily negative for the overall market outlook.