Ethereum Whales Buy $4.78B in ETH Since July, But Is It a “Bagholder’s Dilemma”?

Ethereum gained 22% in a week, closing in on its $4,900 all-time high. Over 1.1 million ETH worth $4.78B accumulated by whales and institutions since July 10. A single entity amassed 221,000 ETH in 7 days, now holding $116M in unrealized profit. Ethereum has resumed its rally, climbing nearly 2% in the last 24 hours to cap an impressive 22% weekly gain. Now just 12% away from its $4,900 all-time high, the move appears to be fueled by a massive accumulation trend among the market’s largest players. Why the big move? This ETH rally is part of a larger market shift. Here’s our report on Bitcoin’s dominance dropping, that has fueled an altcoin market rally led by Ethereum . Whales Love ETH On-chain data reveals a striking accumulation trend that began on July 10. According to blockchain analyst @EmberCN, over 1.1 million ETH, valued at approximately $4.78 billion, has been acquired by unidentified whales and institutions at an average purchase price of $3,584. 这个机构或币股公司地址，在过去 9 小时里继续囤积了 49,533 枚 ETH ($2.09 亿)。 他们从 8/4 以来，仅 7 天时间就已经累计通过 FalconX、Galaxy Digital 和 BitGo… The post Ethereum Whales Buy $4.78B in ETH Since July, But Is It a “Bagholder’s Dilemma”? appeared first on Coin Edition .

Source: Coin Edition