Cryptocurrency whales are increasing their Ethereum (ETH) assets. Net ETH purchases by large investors rose by over 7,000% last week. This situation indicates that market confidence is increasing.
There has also been an increase in whale activity on the Bitcoin Cash (BCH) side. Addresses holding between 1,000 and 10,000 BCH purchased additional tokens worth approximately 19 million dollars. This reflects positive expectations of a bull season in the market.
Dogecoin (DOGE) continues to be in the spotlight of large investors. Whales accumulated 140 million DOGE last week. This situation is evaluated as a potential bullish signal for DOGE in the upcoming period.
In the shadow of increasing geopolitical tensions in the Middle East, the crypto market experienced high volatility this week. However, despite the volatility, whales continued to remain active in the market by accumulating certain tokens. Prominent coins included Ethereum, Bitcoin Cash, and Dogecoin.
Ethereum (ETH)
While price movements remain calm, Ethereum is attracting significant interest from whales. According to IntoTheBlock data, net purchases by large ETH holders increased by more than 7,000% over the past seven days, showing a serious rise. Net flow data measures the difference between the amounts whales bought and sold, revealing a accumulation trend. This increase indicates that whales' confidence in ETH is rising, and a new upward phase may begin. If this momentum continues, ETH is expected to rise above $2,500.
Bitcoin Cash (BCH)
Despite the geopolitical fluctuations in the Middle East, the purchases of BCH whales are noteworthy. According to Santiment data, wallets holding between 1,000 and 10,000 BCH added approximately 40,000 tokens last week, creating a total value of over 19 million dollars. BCH is currently at a level of 485.76 dollars and has recorded an increase of around 5% amidst the positive atmosphere in the market.
Dogecoin (DOGE)
Among meme coins, DOGE stands out, having been significantly accumulated by large investors. According to Santiment's on-chain data, whales holding between 100 million and 1 billion DOGE purchased a total of 140 million DOGE last week. The market value of these purchases exceeded 24 million dollars. This rise creates a positive outlook for DOGE in the short term. If momentum continues, there may be a recovery in DOGE price or upward movements.
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