🐋 New: Ethereum whales and sharks increase their holdings by 3.72%, adding $3.8 billion of $ETH while retail investors take profits! 📈
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📊 Significant movements from major holders:
Data from Santiment revealed that Ethereum whale and shark wallets (holding between 1,000 and 100,000 $ETH) have significantly increased their holdings by 3.72% over the past month, adding nearly $3.8 billion of $ETH. 💰 This is happening while retail investors are taking profits.
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💡 Market implications:
* Institutional confidence: This substantial increase in the holdings of major investors shows their continued confidence in Ethereum for the long term, even during periods of volatility or individual profit-taking. 🚀
* Wealth transfer: The behavior of "whales" and "sharks" indicates that they are taking advantage of "profit-taking" periods from smaller investors to increase their positions at a lower price. 📉
* Potential impact: This accumulation by major holders may support Ethereum's price in the medium to long term. 🌐
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❓ Do you think the accumulation of $ETH by whales indicates an upcoming bullish phase, or is it simply reflecting a redistribution of assets? 🤔
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