The largest non-exchange holders of Ethereum are: Return to accumulation on tiptoe. On-chain analytics platform Santiment reported that wallets holding between 100 and 10,000 ETH, also known as whales or sharks, began rebuilding their positions after releasing approximately 1.36 million ETH between October 5th and 16th.
Remarkably, Ethereum’s collective holdings chart shows that almost one-sixth of these coins have already been recovered. Some confidence begins to return The second largest crypto asset.
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After surrendering in early October, whales reverse course
The first half of October was noted as one of Ethereum’s most notable capitulation periods this year. Bitcoin price falls due to macroeconomic uncertainty due to US tariffs suffer a flash crash As a result, many altcoins have fallen. During this move, the price of Ethereum will be That also fell quicklyfell from a high of about $4,740 on October 7th to a low of $3,680 on October 11th.
Interestingly, On-chain data show Santiment’s chart shows that selling pressure from large holders has amplified this movement, with cumulative holdings declining sharply from approximately 24.5 million ETH to approximately 22.6 million ETH. This 1.9 million ETH decline reflects clear risk-off behavior among whales and sharks who have been net longs since August.
However, as the selling momentum began to wane, the accumulation began to return. Institutional investor capital inflows have started returning to Spot Ethereum ETFs and whale/shark trading. Started accumulating Ethereum. From October 16th onwards, the same group that contributed to the liquidation began adding positions. Santiment said these holders are finally starting to show signs of confidence, indicating a long-term recovery phase after the shakeout.
218,470 ETH added in last 7 days
According to Santiment data, the collective holdings of addresses between 100 and 10,000 ETH have recovered to around 23.05 million ETH after bottoming out in mid-October. The highlighted annotation on the chart shows that 218,470 ETH has been accumulated over the past week, indicating a clear change in on-chain behavior.
Ethereum collective holdings of wallets holding 100-10,000 ETH. Source: Santiment
This increase represents about one-sixth of the coins that were previously dumped, and shows that major investors are gradually re-entering the market after a phase that seemed dry. Similar accumulation trends often precede broad recoveries in Ethereum prices, especially when accompanied by stabilization of the ETH/BTC trading pair.
As things stand, Ethereum price appears to be building a stronger foundation for the next phase. Recovery trend towards November. As whale wallets accumulate, the circulating supply available on the exchange decreases, reducing selling pressure.
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At the time of this writing, Ethereum is trading at $3,940. It is on track to go bankrupt and close its doors. It was over $4,000 again. Ethereum and Bitcoin have risen slightly in recent days After the inflation report showed U.S. inflation fell to 3% in September, lower than economists’ expectations of 3.1%.
Featured image from Unsplash, chart from TradingView
