Experienced analyst shared critical data indicating that institutional investors and whales may be purchasing Ethereum (ETH) regularly.
On-chain analysis platform CryptoQuant analyst Maartunn said Ethereum systematic aspect buy received what’s that lasted. In this discourse open interest An experienced name, benefiting from data, stated that open interest, which increases linearly, is an indicator of regular purchases. stated.
Ethereum futures latest 24 hours in $700 million worth 13% growth The analyst pointed out that the increasing demand in question could be a possible pre-rise signal:
Someone(s) is buying TWAP in Ethereum futures. This linear growth in open interest indicates systematic buying over a period of time. There is $700 million added so far.
This procurement system, called TWAP whales or institutional investors It shows that he should spread his purchases over time in order to obtain an average and reasonable price. At this point, the increase in the indicator in question can be interpreted as the increasing appetite of institutional investors for Ethereum.
According to CoinGecko data, in the last 24 hours 1.6% increase ETH exhibiting at the time of writing from $2,060 is being traded.
