Ethereum whales and sharks collected 934,240 ETH in three weeks, while retail sold 1,041 ETH, sparking a price rally as volatility cooled, Santiment shows.
Summary
- Large Ethereum holders, classified as whales and sharks, accumulated around 934,240 ETH in three weeks, while retail wallets holding less than 10 ETH sold 1,041 tokens, creating divergent trading patterns.
- Addresses holding between 100 and 100,000 ETH saw balances rise steadily in early December, according to on-chain data from Santiment, with the accumulation phase corresponding to reduced price volatility and a subsequent rally.
- Such differences between large and small holders have historically preceded short-term price increases or trend reversals, with the current pattern indicating strategic positioning rather than speculative trading by large holders.
Ethereum has experienced a price rebound over the past three weeks following accumulation by large holders, according to on-chain data from analytics firm Santiment.
Large Ethereum holders, classified as whales and sharks, accumulated around 934,240 Ethereum during the period, the data showed. At the same time, smaller traders sold 1,041 Ethereum on the market, creating divergent trading patterns between the two groups.
Large ETH whale holders moving large amounts
The data indicated a sharp increase in holdings among addresses holding between 100 and 100,000 Ethereum. According to Santiment’s chart analysis, the combined balance of this cohort rose steadily in early December.
The three-week accumulation period corresponded to a slowdown in Ethereum’s price decline and a decrease in volatility, the data showed. The cryptocurrency then moved higher as buying activity increased.
Retail portfolios holding less than 10 Ethereum showed the opposite pattern, with holdings falling after 1,041 Ethereum in net sales over the past week, according to the analytics firm.
Such differences between large and small holders have historically preceded short-term price increases or trend reversals in the cryptocurrency markets, market observers noted.
According to the data analysis, the current accumulation trend indicates strategic positioning by large holders rather than speculative trading. The pattern could support a further price recovery if the pace of accumulation continues, market analysts said.
Ethereum’s price movement reflects the supply-demand imbalance created by the contrasting behavior of large and small holders, the data shows.
#ETH #Whales #Scoop #Tokens #Weeks #Small #Holders #Dump #Supply