Major Cryptocurrencies Plunge as Whale-Retail Investor Divide Deepens

Bitcoin, Ethereum and other major cryptos have fallen sharply recently, fueled by disconnect between whales and retail investors. Technicals suggest further downside.

Bitcoin risks forming a large head-and-shoulders pattern if selling continues, with downside target around $52,500. Major support already breached.

Ethereum accelerating losses, already breaking below 20-day moving average. Also risks large head-and-shoulders pattern forming, similar to Bitcoin.

Stablecoin Tether slightly above dollar parity last 24 hours shows investors seeing more value in holding fiat vs crypto right now.

Altcoins like Solana and Avalanche bucking negative trend for now, but tend to correlate with Bitcoin over longer term. Still at risk if selling continues.