According to FinBold, large crypto investors are heavily accumulating Ethereum (ETH) as the market shows signs of recovery. On-chain data reveals that multiple high-performing Ethereum wallets have entered significant long positions, collectively accumulating over 136,000 ETH, valued at more than $425 million. One wallet alone holds over $169 million in ETH, while others added $194 million and $62 million, respectively. This trend coincides with Ethereum's recent stability above the $3,000 level and ongoing scalability upgrades. However, BlackRock deposited 24,791 ETH ($78.3M) to Coinbase Prime, raising concerns about potential sell pressure if the assets are offloaded.
Ethereum Whales Accumulate Over $425M in Long Positions Amid Market Recovery
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