Ethereum Whales Buy $440 Million In ETH In One Day, Do They Know Something You Don’t?
Summary
Ethereum has seen a bearish trend, but recent on-chain data shows significant accumulation by whales, with over $440 million worth of ETH acquired in 48 hours. Ultra-whales, holding over 100,000 ETH each, have increased their total balance, signaling anticipation of a price surge. This accumulation is linked to expectations of a bull run due to Spot Ethereum ETFs, despite recent price declines. On-chain data also indicates increasing buy order volumes for altcoins, reflecting preparations for an altcoin rally. Ethereum is currently trading at $3,150.
