ETH Whale Accumulation Tightens Supply as 70% of Positions Go Long
Ethereum ($ETH) shows growing whale activity and leveraged long positioning, signaling a potential breakout once liquidity clears.
◾ Whale accumulation dominates ETH flows
◾ 66k ETH Borrow Whale added 40,975 ETH ($121M) in 24h; total 569,247 ETH ($1.69B) since Nov 4
◾ Bitmine acquired 67,886 ETH ($201M) in 24h; holds 4.06M ETH (~3.37% of supply)
◾ Trend Research bought 46,379 ETH this week, total holdings ~580,000 ETH
◾ Derivatives positioning & leverage
◾ ~70% of global ETH positions on Binance are net long
◾ Estimated Leverage Ratio (ELR) reached all-time high of 0.611
◾ Traders deploying increasing leverage vs. shrinking exchange reserves
◾ Supply tightening signals potential breakout
◾ $ETH exchange supply ratio on Binance at 0.032 (lowest since Sept 2024)
◾ Price compressed below $3,000 & 200-EMA
◾ Lower liquidity around $2,600 may fuel an upward swing once swept
◾ Key takeaway
◾ Whale accumulation continues at near cost-basis prices
◾ Supply scarcity + high leverage increases odds of a volatile breakout
◾ ETH setup favors upside if buyers absorb swing-low liquidity
#Ethereum #ETHWhales #CryptoMarket #ArifAlpha #BlockchainAnalysis
