Ethereum Large Holders Stepping Back In With Strong Accumulation, Is A Major Rally Finally Close?
Ethereum is showing signs of renewed accumulation by large holders, suggesting potential upward momentum despite recent price volatility. After briefly surpassing $3,000, ETH faced a pullback, but on-chain data indicates whales (addresses holding 1,000+ ETH) have been aggressively buying. Since December 26, these large investors have acquired over 120,000 ETH worth approximately $350 million. This cohort now controls about 70% of the circulating supply, demonstrating strong confidence.
Institutional activity further supports this trend. Investment firm Trend Research has accumulated over 601,074 ETH (valued at $1.83 billion) and borrowed nearly $1 billion in stablecoins to purchase more. Additionally, public company Bitmine Immersion bought another 44,463 ETH last week. This significant accumulation by both whales and institutions indicates smart money is positioning for a potential major rally, even as ETH trades around $2,951.
bitcoinist12/30 19:15