Big investors, known as “whales” in the crypto world, have been buying up Ethereum (ETH) in a big way over the past month.
Whales are bullish on ETH
According to crypto analytics firm IntoTheBlock, these whales, who own more than 0.1% of the total Ethereum supply, have added over 1.7 million ETH to their holdings in the past 30 days. This shows they’re confident in Ethereum’s future.
Big buys in recent days
In the last two days alone, whales bought up 175,000 ETH. This is a strong signal that they believe the price of ETH will continue to rise.
Bitcoin also looking good
Bitcoin (BTC) is also doing well, with 95% of Bitcoin addresses currently in profit. This indicates strong bullish momentum, but it could also mean the market is getting overheated.
Disclaimer: This information is for general knowledge only and should not be considered investment advice. Always do your own research before making any investment decisions.
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