BlockBeats News: On July 9th, according to Glassnode data, Whale, which holds at least 10000 ETH, is accelerating its holdings, even exceeding the level before ETH rose 95% in mid-2022.
As of Monday this week, the total amount of ETH held by these whales has rebounded from the historical low of 37.56 million in October 2024 to 41.06 million, an increase of 9.31%. This growth rate is almost twice that of the period from May to September 2022 (when ETH prices rose from around $1000 to $1950).
A similar situation occurred from November 2020 to January 2021, when Whale's holdings increased by 4% and ETH prices soared from $460 to $1220. History has shown that giant whales often begin to accumulate before the market is fully launched.
According to Glassnode data, the $2500-2536 range is the strongest accumulation area in recent times, with the cost price of over 3.45 million ETH concentrated here, forming a key support level.
