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EconomyPhiladelphia Fed: Bitcoin traders follow whale signals faster than Ethereum users

A Philadelphia Fed working paper found that public alerts about large crypto transfers produced sharply different reactions on Bitcoin and Ethereum. Non-whale Bitcoin wallets traded most strongly in the whale’s direction during the first 15 minutes, while Ethereum participation stayed comparatively stable. The observational study does not establish that alerts caused every response.

BitcoinEthereumwhale tradingcrypto markets

CCryptoSlate★★☆☆☆2026-09-11 20:10Original

Philadelphia Fed: Bitcoin traders follow whale signals faster than Ethereum users
Philadelphia Fed: Bitcoin traders follow whale signals faster than Ethereum usersEconomy