An $ETH whale who earlier lost $11M is buying again.
During this recent move up, he just added over 9,000 $ETH worth $20M.
Why the conviction?
– The Pectra upgrade is now live
– ETH turned deflationary again
– ETF staking approvals may be coming
– Institutions are slowly rotating into ETH
This isn’t just a bounce.
This looks like the start of a much bigger #Ethereum rally.
