The Ethereum currency is witnessing intense activity from whales (Whale Accumulation)
Unlike individual traders who sell out of fear, "whales" are quietly and massively accumulating, indicating a belief that current prices represent an enticing "bottom":
Whale "66kETHBorrow": On-Chain tracking tools have detected a massive investment entity purchasing 40,975 ETH (valued at $1.21 billion) in just five hours. This whale didn't stop there, having accumulated a total of 569,247 ETH (valued at $16.9 billion) since the beginning of November, employing complex borrowing strategies through the Aave protocol to maximize returns.
Major transfers: A transfer of 80,000 ETH (valued at $237 million) to the Binance platform was detected, specifically to the "Beacon Deposit" address, indicating an intention to stake these coins rather than sell them, which enhances network security and reduces the available supply for trading.
