Ethereum’s Quiet Accumulation: Whales Stockpile Amidst Price Stagnation

As many traders shift focus to the holiday season, a notable divergence is quietly forming within the Ethereum ecosystem. While price action appears lethargic, a significant accumulation campaign by large-scale investors and institutions is underway, reaching levels seldom seen. This raises a critical question: how long can this disconnect between subdued price performance and aggressive buying persist?

The substantial demand from institutional entities coincides with a pronounced decline in readily available supply on cryptocurrency exchanges, hinting at a potential supply crunch in the making.

• The total ETH balance held on centralized exchanges has fallen to approximately 16.4 million ETH. This represents a net withdrawal of 4.4 million ETH from trading Read more...