🐋 Ethereum Whale Accumulation Intensifies

Since H2 2024, a clear shift in whale behavior has emerged:

🔹 Net Position Change of wallets holding 1k–10k $ETH has strongly flipped positive,

🔸 Accompanied by a sustained rise in supply concentration among large holders.

📈 These structural inflows signal increasing conviction among long-term players.

From a market structure standpoint:

⚫️ Price remains in an accumulation range, while on-chain metrics diverge bullishly.

📊 Whale-driven supply absorption is historically a leading indicator of upward price movement.

📌 Bias: Accumulation Phase → Expansion Phase?
#eth#