Glassnode: Recently, whales holding more than 10,000 ETH have accelerated their holdings, exceeding the level before ETH rose 95% in mid-2022

Odaily News Glassnode data shows that whales holding at least 10,000 ETH are accelerating their holdings, even faster than before ETH rose 95% in mid-2022. As of Monday, the total amount of ETH held by these whales has rebounded from an all-time low of 37.56 million in October 2024 to 41.06 million, an increase of 9.31%. This growth rate is almost twice that of May to September 2022 (when the price of ETH rose from about $1,000 to $1,950). A similar situation occurred from November 2020 to January 2021, when whales increased their positions by 4% and the price of ETH soared from $460 to $1,220. History shows that whales often begin to accumulate before the market fully starts. Glassnode data shows that the $2,500-2,536 range is the strongest accumulation area in recent times, with the cost price of more than 3.45 million ETH concentrated here, forming a key support level. (Cointelegraph)