A report from Santiment highlights that while large investors increase their holdings, retail investors have taken profits.
The price of ether (ETH) remains above $2,500.
Whale movements could impact the price of ETH.
Over the past 30 days, whales have accumulated 1.5 million ether (ETH), the native currency of Ethereum, equivalent to $3.78 billion at today's price, June 15.
Data shows that whales (investors holding more than 1,000 ETH) increased their holdings by 3.72% and now control 26.98% of the total ether supply.
Analysts from Santiment, a firm specializing in on-chain data analysis, emphasize that the behavior of whales suggests that institutional investors have adopted a long-term accumulation strategy for Ethereum's native cryptocurrency.
Meanwhile, analysts from the firm indicated that small investors have been shedding their ETH to take profits.
Amid these movements, the ETH price at the time of publishing this note is $2,520.
As reported by CriptoNoticias, there is an 'institutional fever' for ETH in the market. In this context, companies like BTCS Inc. and SharpLink have been issuing debt to finance purchases of the asset without relying on their operating income.
The price of ether (ETH) remains above $2,500.
Whale movements could impact the price of ETH.
Over the past 30 days, whales have accumulated 1.5 million ether (ETH), the native currency of Ethereum, equivalent to $3.78 billion at today's price, June 15.
Data shows that whales (investors holding more than 1,000 ETH) increased their holdings by 3.72% and now control 26.98% of the total esther supply.
Analysts from Santiment, a firm specializing in on-chain data analysis, emphasize that the behavior of whales suggests that institutional investors have adopted a long-term accumulation strategy for Ethereum's native cryptocurrency.
shows the price evolution of ETH and purchases of ETH by large investors.
Large investors have been accumulating ETH over the past 30 days (green line).
Meanwhile, analysts from the firm indicated that small investors have been shedding their ETH to take profits.
Amid these movements, the ETH price at the time of publishing this note is $2,520.
As reported by CriptoNoticias, there is an 'institutional fever' for ETH in the market. In this context, companies like BTCS Inc. and SharpLink have been issuing debt to finance purchases of the asset without relying on their operating income.
It is a strategy similar to that employed by Strategy, the firm led by Michael Saylor, although in this case, the acquisitions are not of bitcoin (BTC).
Moreover, it should be noted that this institutional enthusiasm is also reflected in the spot ETH exchange-traded funds (ETF). These financial instruments marked a record of 19 consecutive days with net capital inflows.
The green streak was cut on Friday, June 13, when they recorded money outflows of $2.18 million. Since their market launch, ETH ETFs have accumulated inflows of $3.85 billion.
