Recent on-chain data is very interesting: ETH whales are frantically accumulating, with single orders exceeding ten thousand pieces continuously appearing.
The question is, does this really mean a bull market is coming, or are the whales positioning themselves in advance, preparing for the subsequent harvesting?
On one hand, the ETH spot ETF, Layer 2 explosion, and DeFi warming up indeed give whales a reason to heavily invest; on the other hand, historical experience tells us that whale entry is often accompanied by retail investors being driven by emotions to peak.
👉 What do you think? Is the value of $ETH being rediscovered, or is it the beginning of a new round of harvesting?
