🐋 $ETH THE WHALES ARE MAKING A VERY LOUD BET
This chart tells a fairly clear story if you stop and observe who is really buying. Smaller cohorts of whales have been reducing their exposure to Ethereum, which is what typically grabs attention on the timeline. But the most important movement is happening with the largest holders.
Wallets that hold more than 10,000 $ETH have been steadily increasing their positions. This type of whale usually doesn't accumulate during rallies or moments of excitement.
Historically, they enter when Ethereum is undervalued and before the market as a whole turns optimistic.
What stands out this time is the scale. Since July, their accumulation has accelerated to levels we haven't seen before. That suggests they are not trading on short-term price action but positioning themselves for something bigger.
The price has not fully reflected this yet, which is how it usually works. The bigger buyers move first, and the chart reacts afterward. That doesn't guarantee an immediate rally, but it tells you where conviction is silently building.
📸 CW8900
