Glassnode: Whales Holding Over 10,000 ETH Accelerate Accumulation
According to a report by Jinse Finance, Glassnode data shows that whales holding at least 10,000 ETH are accelerating their accumulation, at a pace even faster than before the 95% ETH rally in mid-2022. As of this Monday, the total ETH held by these whales has rebounded from a historic low of 37.56 million in October 2024 to 41.06 million, marking a 9.31% increase. This growth rate is nearly double that of the period from May to September 2022, when ETH prices rose from around $1,000 to $1,950. A similar situation occurred between November 2020 and January 2021, when whale holdings increased by 4% and ETH prices surged from $460 to $1,220. Historically, whales tend to accumulate before the market fully takes off.
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