🐋 Ethereum Whales Accumulate During Price Dip
On-chain data shows that Ethereum whale wallets are actively buying ETH even as prices dip, indicating confidence among large holders. ETH has been trading lower recently (around $2,895, down about 9.5% over the past week), yet large addresses continue to add to their positions. One notable over-the-counter whale address bought 20,000 ETH (~$56 million), and over five days accumulated 70,013 ETH (roughly $203.6 million), according to on-chain tracking.
The surge in activity has driven spot trading volume up roughly 250%, signaling heightened institutional and whale involvement despite weaker short-term price action. These accumulation patterns often reduce sell-side supply and can be seen as a contrarian indicator — suggesting that large holders are positioning for a possible price rebound when market sentiment improves.
In essence, while Ethereum’s price is under pressure, significant whale buying reflects strategic accumulation by large holders, often interpreted as long-term confidence in the asset’s future prospects.
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