Ethereum Whale Accumulation on the Rise

According to Glassnode, addresses holding 10,000+ ETH have increased their holdings by 9.3% since October 2024 — growing from 37.56M ETH to 41.06M ETH. This sharp rise in accumulation by large holders signals:

Renewed whale confidence in Ethereum's long-term value

Potential long-term positioning for Ethereum-based developments (e.g., ETFs, L2s, restaking, and institutional products)

A possible supply squeeze if demand continues to rise, reducing available ETH on exchanges

This trend suggests whales are preparing for a major shift in Ethereum's future, possibly anticipating significant market events or bullish catalysts.

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