FTX after bankruptcy bitcoin and in altcoins There was a great setback. Cryptocurrency analytics platform amid this setback centimentEthereum share came from .
in large quantities lately. Ethereum Stating that there is an accumulation of money, Santiment said that among the addresses that accumulate Ethereum, the most active ones hold 100 to 100,000. ETH He said it was sharks and whales that kept it.
Santiment stated that in just the past three weeks, the whale and shark group has purchased 1.9% of Ethereum’s total available supply.
“Active shark and whale addresses on Ethereum continue to accumulate ETH at prices less than a quarter of the ATH level a year ago.
Addresses holding 100 to 100,000 ETH in October/November 2020 helped push ETH to a 50% price increase over 5 weeks.”
Whale and shark addresses in October-November 2020 ETH Stating that he had accumulated savings, that these addresses had accumulated approximately 2.1% of the Ethereum supply at that time, and that the ETH price increased by 50% about 5 weeks after this situation, Santiment points out that there is a possibility that the same situation may occur now.
So if history repeats itself, bullish movements can be seen in ETH at the beginning of 2023.
🐳🦈 #Ethereum‘s active shark & whale addresses continue accumulating with prices less than a quarter of their #AllTimeHigh levels a year ago. In Oct/Nov 2020, these 100 to 100k $ETH addresses assisted in pushing $ETH to a +50% price rise over 5 weeks. https://t.co/v8gh4RfV7z pic.twitter.com/Oe3lTo12uj
— Santiment (@santimentfeed) November 23, 2022
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!