Billion-Dollar Whales Sweep Up ETH, Igniting the $4200 Barrier! Is a $15000 Target Already Locked?
In the past week, on-chain data shows that a mysterious whale has crazily swept up 221,166 ETH, spending nearly $1 billion in real cash! This wave directly pushed the price of Ethereum to soar by 21%, forcefully breaking through the $4200 threshold.
Even more explosive is the fact that this is not an isolated case. Since July 10, over 1.03 million ETH have been swept up by different mysterious funds, with a total value reaching $4.16 billion. These big players are quietly building their positions, clearly eyeing certain significant opportunities.
Currently, Ethereum's market cap has surged to $523 billion, surpassing traditional financial giant Mastercard, ranking among the top 25 global assets. This leap is significant, marking a further enhancement of cryptocurrency's influence on the global financial landscape.
The technical front is equally impressive—a symmetrical triangle pattern formed over the years has been strongly broken, a well-recognized super bullish signal in the community. Some analysts even call out a target price of $15000, which, based on the current price level, leaves room for a 250% rise, enough to stir market sentiment.
However, institutional funds entering the market is a double-edged sword. While it can stabilize prices in the short term, once these whales concentrate on cashing out, the market may face a deep correction. The current concentration of holdings is extremely high, and this structural risk cannot be overlooked.
What is even more intriguing is their timing of entry. The U.S. 401(k) pension plan has just opened up to crypto investments, and regulators in various countries are gradually relaxing. These institutions clearly timed their entry with the policy rhythm, decisively taking large positions while most people are on the sidelines—this contrarian investment thinking is worth learning from.
From an application perspective, whether it's DeFi, NFTs, enterprise-level blockchain, or central bank digital currencies, Ethereum is building a massive digital economic foundation. This wave of mysterious funds sweeping up assets is likely betting on this grand blueprint. After all, when infrastructure matures comprehensively, a value explosion may just be a matter of time.
Stay tuned: ZORA AVAAI PORT3 ZROUS ETH
