According to The Data Nerd, within the last 24 hours, significant Ethereum deposits totaling 47,756 $ETH (~$89.53M) were made into exchanges by whales. Notably, 0xb69 deposited 16,555 $ETH (~$31.51M) to Coinbase and Wintermute, Longling_Capital deposited 21k $ETH (~$38.81M) to Binance, and 0x702 deposited 7.2k $ETH (~$13.71M) to Binance. These movements could indicate potential selling pressure or strategic positioning in the market.

According to IntoTheBlock, Bitcoin and Ether are exhibiting a high correlation with the US stock market. This trend is attributed to macroeconomic concerns, particularly those related to tariffs, which are currently exerting downward pressure on the markets.

According to Glassnode, Bitcoin short-term holders realized losses spiked to $23.4 million yesterday, marking one of the largest spikes in the past three months. Previous peaks were $38 million on February 3 and $25 million on December 20, indicating significant recent selling pressure in the market, which traders should monitor closely.

According to Crypto Rover, there is a concern about significant selling activity in the Bitcoin market, which may be causing downward pressure on Bitcoin prices. Traders are advised to monitor on-chain data and exchange inflows to identify potential large-scale sell-offs. Source: Crypto Rover via Twitter.

According to Miles Deutscher, Solana ($SOL) may face further declines due to identified market pressures. The analysis suggests that Solana holders should prepare for potential impacts, which could extend to the broader altcoin market. The video shared by Deutscher provides a detailed examination of these factors, emphasizing the need for traders to stay informed about potential volatility and strategic positioning.

According to Miles Deutscher, Bitcoin dipped to $93.5K at the US market open but rebounded to $95.5K, indicating a potential buying opportunity for traders. Additionally, Ethereum experienced record-breaking short interest with $11.3B in cumulative shorts, suggesting traders anticipate further downward pressure on ETH.

According to Crypto Rover, there is a sudden and unexpected sell-off in Ethereum, raising questions about the timing of the anticipated altseason. The tweet suggests frustration over market movements that do not align with expectations for a rise in altcoin prices, particularly Ethereum. It highlights a potential shift in trader sentiment or unexpected market pressures, which could be critical for traders to monitor for potential buying opportunities or risk management.

According to Mihir (@RhythmicAnalyst), the cryptocurrency market is experiencing pressure, prompting traders to focus on identifying immediate support levels for various coins. This analysis is crucial for traders to make informed decisions, as support levels can indicate potential price floors where buying interest may emerge, reducing downside risk. Mihir offers insights into specific coins upon request, emphasizing the current market's technical landscape.