Ethereum Whales Rapidly Accumulate ETH Amid Price Decline
📉
Ethereum whales have been actively accumulating ETH, with on-chain data showing significant purchases despite the token's price decline. On July 24, whales bought 297,670 ETH, and the previous day saw almost 400,000 ETH accumulated. Inflows into these addresses increased by over 28% in the last seven days.
Market intelligence platform IntoTheBlock observed a 14% decline in outflows from these accounts over the last week, indicating a bullish sentiment towards Ethereum. The netflow metric, highlighting whale activities, showed a significant increase of over 313%, pointing to heavy accumulation.
On-chain analytics platform Santiment attributed the increase in whale activity to the launch of Spot Ethereum ETFs on July 23. The volume of ETH transfers exceeding $100,000 has surged, outpacing BTC and USDT transfers. Analysts had predicted a bullish impact from these funds, potentially driving ETH's price to $4,000.
Despite initial enthusiasm, historical trends suggest that the launch of Spot Ethereum ETFs might create initial selling pressures, similar to Bitcoin's experience with Spot Bitcoin ETFs earlier this year. Grayscale's Ethereum Trust experienced a net outflow of $484.1 million on the first trading day.
Data from Farside Investors indicated a net outflow of $326.9 million on July 24, suggesting potential significant selling pressures from these funds in the short term, which could impact ETH's price trajectory.
Kaynak: www.newsbtc.com ↗
Benzer makaleler (92)
Ethereum whales buy big as ETH bottom approaches, analysts predict
Ether poised for price breakout after summer slump in crypto markets
Ethereum whales buy big as ETH bottom approaches, analysts predict
Ethereum Drops 35% In 2 Months: Why Is This Smart Whale Buying? Scoops 5,000 ETH In 2 Days
Ethereum Whales Dominate, Binance ETH Holding Drops: A Supply Crisis Incoming?
Ethereum Whale Puts Aside $184k To Purchase Two Exciting Cryptocurrency Blockdag and Mpeppe
Ethereum Is Flat, and Whales Selling: More Pain to Follow?
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Ethereum Whales Spend $185 Million To Accumulate 70,000 ETH, Time To Buy?
Ethereum Whales Take Over, ETH Stuck Below $3,500: What’s Going On?
40,000 Ethereum Withdrawn From Derivativees, Mpeppe Joins Altcoin Surge As ETH Whales Join Pump
Ethereum Bullish Signal: Whales Show $530 Million Buying Spree
Ethereum Whales Valued $19M Enter New ICO Priced $0.00177 With ETH Profits
Ethereum Whales Buy $440 Million In ETH In One Day, Do They Know Something You Don’t?
BTC and ETH Whales Down: How Will It Impact Broader Market?
Ethereum Whales Shift $972 Million in 24 Hours: Strategic Moves or Market Signal?
Ethereum Surges Almost 10% In A Week As Whales Rake Profits
Ethereum Whales Accumulating: Time to Bet on ETH Price?
Ethereum Plunging As Whales Keep Offloading
Ethereum Whales Score $3M in Profits
Ethereum Price Analysis: Whales Buy 500K ETH, $3,000 next?
Whales Trigger Ethereum Sales
Ethereum ICO Whale Dumps Another 5000 ETH, Crash To Worsen?
Whale Buys Large Amounts of ETH
Whales Buy Ethereum Below Resistance
Ethereum whales buy ETH worth $440 mln – Preparing for a rally?
Two Giant Ethereum Whales Are on the Move! Someone Sold, Bought Loads of Whales with 100 Percent Winning Rate! Is the ETH Rally Beginning?
Ethereum Whales Boost Holdings
Ethereum Whales Impact ETH Price
Buy or Sell Signal? Ethereum Whales Purchase $340 mln of ETH
Buy or Sell Signal? Ethereum Whales Purchase $340 mln of ETH
Crypto Whale Accumulations Drive Swift Market Recovery, Say Analysts
Whales Boost Ethereum Holdings
Whale Transaction Alert: 1,800 Ethereum (ETH) tokens Worth $4.7 Million Transferred!
Ethereum Price Risks Falling As Whales Dump $60M ETH
Ethereum’s $3,000 dream fades as whale investors pull back – What now?
Corporate Ethereum (ETH) Whales Are On The Move Again! Is New Selling Pressure Coming? Here's What They've Done!
Ethereum (ETH) Whales Abandon Ship as Coin Dips by Double Digits
Ethereum Whale Makes $37.6M Profit After 8.5 Years
Bitcoin and Ethereum Whales Activity Sparks Concern; Crypto Bear Market Imminent?
LUNA Shorting Whale Goes Long on Ethereum with $10.43M Bet
Ethereum Whales Buy 200K ETH in 3 Days Says Analyst, Smart Money Set to Invest in RCOF and FET
Ethereum whales buy $19 mln in ETH – Bullish sign?
Whale Invests Heavily in Ethereum
Ethereum Whales Boost Holdings During Market Turmoil
Ethereum Whale Capitalizes on Price Drop, Increases Holdings by 50%
Ethereum (ETH) Wind Blows in the Markets! Giant Corporate Whale Sold, Bottom Whale Started Buying Again!
Ethereum: Can rising adoption offset whale sell-offs?
Ethereum (ETH) Whales Quiet Since July: September Comeback in Focus
Ethereum whales play their part as ETH repeats 2019 pattern: What’s next?
Ethereum’s $2,868 Breakout Compromised by Whale Selling
Ethereum Whale Buys $13M of ETH, Bullish Signal?
Diamond Hands at Work: Ethereum Whale Nets $131.72M
Ethereum Mega Whales Ease Selling Pressure with $185 Million Accumulation
Ethereum Whale Lesson: How to Turn $150M to $300M
Charting Ethereum’s road to $2900 as whale buys ETH worth $132 mln
Ethereum Whales Influence ETH Price Drop
Ethereum Whales Make Significant Purchases
Whales Buy Large Amounts of Ethereum
Ethereum Faces Significant Price Decline Due to Whale Activity
Ethereum Faces Selling Pressure from Whales
Ethereum Whales Increase Holdings Despite Market Fluctuations
Whales Accumulate Ethereum as It Stays Below Key Resistance
Ethereum Whale with 100% Win Rate Accumulates $70M in ETH: On-chain Data
Ethereum Whales Scoop Up 144,000 ETH During Market Dip: Latest Crypto Updates on CRV, MKR Coin, and More
Whale ‘7 Siblings’ Accumulates $129 Million in Ethereum Amid Market Correction
BlackRock’s $109.9M Ethereum (ETH) Purchase Amid Price Decline Sparks Whale Accumulation
Ethereum Whale Accumulates Over $100 Million in ETH Amid Market Downturn
Ethereum Price Eyes $3,000 as Whales Accumulate 500K ETH and Gas Fees Hit 5-Year Low
Whale Strikes Again: Ethereum Investor Purchases $11.46 Million in ETH Amid Market Volatility
Ethereum Whales Trigger Bullish Market Sentiment with $56 Million Buying Spree
Ethereum Whales Trigger Bullish Surge with $56 Million ETH Accumulation
Ethereum Whales Amass 126,000 ETH Worth $440M in 48 Hours Amid Market Signals
Ethereum Whales Make Major Moves: Potential Correction Ahead, Analysts Warn
Ethereum Whales Accumulate as ETH Prepares for Potential Bullish Reversal to $2.9K
Ethereum Whale Accumulation Signals Potential Price Surge: Analysis Inside
Ethereum Whales Reduce Holdings as ETH Struggles Below $3,000
Ethereum Price Plunge of 23% Costs Crypto Whales Millions
Ethereum’s August Volatility: Whale Accumulation and Key Support Levels in Focus
Ethereum (ETH) Whales Capitalize on Market Consolidation with Major Buying Spree
Bitcoin Whales Awaken: Major Market Moves and Ethereum’s Strategic Transfer
ETH Whale Reinvests $26.24M USDT to Acquire 10,206.4 ETH at $2,571 Average Price
Ethereum Price Drops 2% Amid Whale Transfers to Centralized Exchanges: What’s Next?
Ethereum (ETH) Price Eyes $4,000 Despite Whale Moving 25,800 ETH to Binance
Ethereum Whales Accumulate 126,000 ETH Worth $440 Million Amid Bullish Sentiment
Whale Sell-Offs Trigger Price Volatility: Ethereum (ETH) Drops Amid Investor Concerns
Ethereum (ETH) Faces Increased Selling Pressure Amid Significant Whale Transactions
Ethereum (ETH) Whales Seize Opportunity Amid Price Drop with Massive Purchases
Ethereum Whales Accumulate $440 Million in ETH Signaling Potential Market Shift
Ethereum Attracts Whales as It Outpaces Bitcoin in Value Loss
Whale Investors Dominate Ethereum with Profitable Trades: $3 Million in Gains
Giant Whale Accumulates 3,594 ETH in New Long Positions with $275K Profit Amidst Recent Withdrawals from Binance
