Ethereum: Sharks, whales, their interest in ETH, and the events of the last 13 days

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Since FTX’s collapse, there has been an increase in ETH accumulation As most HODLers fail to see profit, short traders appear to be accumulating As the price of leading altcoin Ethereum [ETH] lingered above the $1,200 psychological support level, data from Santiment revealed that sharks and whales have ramped up their ETH holdings in the […]

ETH witnessed a 4% price drop in the last seven days. However, according to the on-chain analytics platform, ETH addresses that hold 100 to 100,000 ETH grew their holdings by 3.4% in the last 13 days.

Per data from Santiment, this cohort of ETH holders currently held their largest percentage of ETH’s supply since July 2021 – 46.85% at press time.Although ETH traded at the price level last seen in June, on-chain data revealed that HODLers have increasingly accumulated the leading alt since 6 November.showed a consistent decline in the coin’s exchange reserve. In the past two weeks, the amount of ETH on exchanges declined by 10% and sat at 20.33 million at press time.

 

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