Glassnode: Whale Holding Over 10k ETH Accelerates Accumulation, Recent Volatility Forms Accumulation Zone Around $2500
BlockBeats News, July 9th, according to Glassnode data, whales holding at least 10,000 ETH are accelerating their accumulation, at a pace even faster than before the 95% surge in ETH in mid-2022.
As of this Monday, the total amount of ETH held by these whales has rebounded from a historic low of 37.56 million in October 2024 to 41.06 million, an increase of 9.31%. This growth rate is nearly twice as fast as during May to September 2022 (when the ETH price rose from around $1,000 to $1,950).
A similar situation occurred from November 2020 to January 2021, when whale holdings increased by 4%, and the ETH price surged from $460 to $1,220. History shows that whales often start accumulating before a full market takeoff.
Glassnode data indicates that the $2,500-2,536 range is the strongest accumulation area recently, with over 3.45 million ETH concentrated at this cost basis, forming a key support level.
You may also like

Crypto VC, Mass Producing "Fake AI Projects"

MEET48 Launches IDOL Token Staking Program on BNB Chain: 90-Day Lockup with 40% APR

AI Agent Economic Infrastructure Research Report (Part 1)

Gold Plunges 7% in Single-Day Crash, War Fails to Provide Haven|Rewire News Evening Report

The young stock god stages a melodramatic family drama: Huoliao Sen is emptied of 160 million USD in BTC by his partner

With an annual income of hundreds of millions and aggressive buybacks, why is Pump.fun still being "shorted" by the market?

An undisclosed loan reveals the ties between the U.S. Secretary of Commerce and Tether

If the first batch of stablecoin licenses in Hong Kong is really only issued to banks, we might miss out on the next decade

After the doubling, how much more "war dividend" can Circle claim?

Guardian of Billions in Assets, Yet Unable to Sustain Itself: Tally Bows Out After Five Years

Teenage Stock Market Wizard Caught in a Melodramatic Family Drama: Bed Partner Secretly Films Recovery Phrase, Steals $160 Million in BTC

How Bad Are the Midterm Elections for the Crypto Industry?

An Undisclosed Loan, Tearing Open the Nexus Between the US Commerce Secretary and Tether

Transaction Volume Skyrockets 60x: How Next-Gen Financial Infrastructure is Pricing Oil

LALIGA Preview: Real Madrid Defends the Crown as Atlético Aims to Disrupt the Capital’s Order
[Match Info]
- Fixture: Real Madrid vs. Atlético de Madrid
- Kick-off: March 23, 04:00 AM (Beijing Time)
- Venue: Santiago Bernabéu

LALIGA Preview: Barcelona Eyes Continued Dominance While "The Lightning" Targets a Camp Nou Upset
[Match Info]
- Fixture: FC Barcelona vs. Rayo Vallecano
- Kick-off: March 22, 04:00 AM (Beijing Time)
- Venue: Estadi Olímpic Lluís Companys

What can we expect from the crypto market after the SEC and CFTC join forces?
