Why Crypto Whales Are Accumulating ETH During Market Crash
What do the deep-pocket whales and institutional investors know about ETH?
After failing to break the $2,800 resistance on Thursday, the Ethereum price fell to $2475 today, correcting by nearly 12% as part of the market-wide decline.
However, while retailers are panic-selling, smart money investors are accumulating aggressively. Prominent analyst Ali Martinez revealed yesterday that the biggest whale on the Ethereum network added 1 million ETH, worth over $2.5 billion, within a 48-hour span.
Meanwhile, institutional investors are buying the dip as well. Despite Ethereum posting three consecutive red daily candles, spot ETH ETFs — particularly BlackRock’s ETHA — have continued to see strong inflows.
Ethereum…
