Foresight News reports that the whale Garrett Jin, who previously made a high-profile move by selling over $4.23 billion worth of BTC to switch to ETH, tweeted: “As precious metals like platinum, palladium, and silver experience significant pullbacks, Bitcoin and Ethereum are beginning to rebound. The holdings in these metals are overly crowded and extremely overbought in the short term, increasing risk exposure. This has triggered profit-taking, with funds shifting from overheated trades to relatively undervalued assets.”
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