According to the latest data from Glassnode, some super Ethereum whales (i.e., addresses holding at least 10,000 ETH) are accelerating their entry, and the pace of accumulation has already surpassed that before the significant rise in ETH in 2022.

As of this Monday, the total holdings of these large accounts have increased from a low of 37.56 million ETH in October 2024 to the current 41.06 million ETH, representing a growth of 9.31%. This growth rate is quite remarkable—almost double the pace at which whales bought in before the rebound in mid-2022 (when ETH rose from $1,000 to $1,950).

A similar situation has actually occurred before. For instance, from the end of 2020 to the beginning of 2021, whales quietly increased their holdings by about 4% before the ETH price rose from $460 to $1,220. From historical experience, these large accounts often start positioning themselves before a bull market truly kicks off.

In other words, the actions of whales may be an early bet on the upcoming market conditions. For ordinary investors, this could be a signal worth paying attention to. #比特币巨鲸动向