Whales are accumulating Ethereum as the market rebounds
Ethereum has recorded a significant inflow of capital returning from whale investors amid the crypto market's strong rebound following a large-scale liquidation in early December. On-chain and derivative data both indicate a marked increase in active buying, suggesting that market sentiment has improved significantly.
The buying activity from large wallets has occurred continuously over the last 48 hours. According to Arkham Intelligence:
- One large wallet purchased 18.345 $ETH (approximately 55 million USD) from BitGo.
- Another wallet continued to buy 4.597 $ETH (13 million USD) from Binance.
- Another large-scale transaction recorded 30.278 $ETH (91.16 million USD) purchased from Kraken.
In total, the amount of ETH accumulated exceeded 150 million USD, indicating that the inflow from whales has returned after a period of significant volatility.
