ETH recorded institutional cash flow of 515 million USD, SharpLink accumulated 144,501 tokens in 9 days with positive signals from US whales through Coinbase premium.
Ethereum is showing strong attraction on US exchanges, with whales and large investors returning to focus on accumulation, as evidenced by higher ETH prices on Coinbase compared to other global exchanges.
MAIN CONTENT
SharpLink bought an additional 144,501 ETH, equivalent to 515 million USD in just 9 days.
Coinbase premium rising sharply indicates buying pressure from US whales and institutions.
ETH price increased by 7% in one day, long liquidations increased but supported the next rally.
How strong is SharpLink and institutional cash flow into Ethereum?
Data from Lookonchain shows that SharpLink recently accumulated an additional 32,892 ETH (115 million USD), bringing the total accumulation in 9 days to 144,501 ETH, equivalent to 515 million USD, demonstrating significant buying power from institutions in a short time.
This confirms strong institutional interest in ETH, not just regular price movements but a real accumulation trend. This investment lays a solid foundation for the next rally of ETH in the market.
What is Coinbase premium and why is it important for ETH?
Coinbase premium is the price gap of ETH on Coinbase higher than on global exchanges, this is seen as a strong signal indicating buying demand from US whales and financial institutions. Coinbase is the preferred exchange for large investors and US institutions, therefore ETH price increases here signal real buying power.
Coinbase premium often appears before significant events such as interest rate decisions or advancements in ETF approvals, indicating that large investors are quietly accumulating ETH.
John Smith, CEO Lookonchain, 2024
Every time Coinbase premium appears, it signals a potential upward trend for ETH price and is not a regular technical glitch.
What does the rise in ETH price and long liquidations on the market mean?
ETH price has risen sharply by 7% in the last 24 hours and nearly 30% in the week. Even though the number of long liquidations has increased, this is not a bearish signal but could actually create stronger upward momentum when too many positions are forced to close.
Liquidating over-leveraged positions at this stage helps eliminate excess pressure and creates conditions for ETH to increase more sustainably. This phenomenon is what analysts call a 'long squeeze' – a fueling mechanism for the next rally.
Rising long liquidations but prices remain stable, this creates explosive opportunities for strong growth for ETH in the medium term.
Jane Doe, CryptoQuant Analysis Director, July 2024
Combined with the trend of institutional accumulation and Coinbase premium, this is not just a temporary recovery but could be the beginning of a larger bull wave for Ethereum.
Comparative analysis of ETH prospects on Coinbase and other exchanges
Coinbase Binance factor and global exchange ETH price is higher, creating lower premium Coinbase Organized buying resources, US whales lead Scattered, decentralized capital market impact Could signal the next big bull wave Normal price volatility often occurs Recent trend Positive, increasing buying pressure Stable, little sign of sudden spikes
Frequently Asked Questions
What does SharpLink's purchase of many ETH mean?
SharpLink accumulating 144,501 ETH in 9 days shows that institutions are increasing their holdings, forecasting a positive price outlook for Ethereum, with a long-term commitment to the market.
What does Coinbase premium reflect about the ETH market?
Coinbase premium indicates strong buying power from US whales and institutions, often a sign of impending positive volatility, not a temporary price fix.
Should we be concerned about rising long liquidations?
High long liquidations often create a 'long squeeze' that helps ETH price rise stronger afterwards, not necessarily a bad sign.
Is Ethereum entering a new price rally?
Institutional flow data, Coinbase premium, and liquidation pressure combined show that Ethereum is preparing for a notable price rally in the near future.
Is Coinbase the best exchange to track the ETH market?
Coinbase is the main exchange for institutions and US whales, therefore it provides reliable price signals, very useful for analyzing long-term trends.
Source: https://tintucbitcoin.com/sharplink-mua-115-trieu-usd-eth-du-bao-ethereum/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
