Glassnode: Whale Holding Over 10k ETH Accelerates Accumulation, Recent Volatility Forms Accumulation Zone Around $2500
BlockBeats News, July 9th, according to Glassnode data, whales holding at least 10,000 ETH are accelerating their accumulation, at a pace even faster than before the 95% surge in ETH in mid-2022.
As of this Monday, the total amount of ETH held by these whales has rebounded from a historic low of 37.56 million in October 2024 to 41.06 million, an increase of 9.31%. This growth rate is nearly twice as fast as during May to September 2022 (when the ETH price rose from around $1,000 to $1,950).
A similar situation occurred from November 2020 to January 2021, when whale holdings increased by 4%, and the ETH price surged from $460 to $1,220. History shows that whales often start accumulating before a full market takeoff.
Glassnode data indicates that the $2,500-2,536 range is the strongest accumulation area recently, with over 3.45 million ETH concentrated at this cost basis, forming a key support level.
You may also like

Morning News | Invesco acquires a $900 million on-chain fund from Superstate; ParaFi has raised $125 million for its new fund; Solana Foundation launches developer platform SDP

What is the background of this new fund that the two major prediction market platforms have rarely joined forces to create?

SIREN, another leveraged scam

Token has become extremely popular, and the blockchain is very sad

Tether's major shareholder invests £12 million to support the "British version of Trump" in the cryptocurrency sector

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

