Long Ethereum Holders Accumulate ETH
Ethereum looks amazing today with the second coin in terms of the market cap being priced at above $3,000 at the moment of writing this article. Bitcoin is also trading in the green. Long term ETH holders accumulate ETH...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Ethereum looks amazing today with the second coin in terms of the market cap being priced at above $3,000 at the moment of writing this article. Bitcoin is also trading in the green.
Long term ETH holders accumulate ETHIt’s been just revealed that the long-term holders of Ethereum (ETH) have been accumulating the popular altcoin to the tune of billions of dollars over the past several weeks, according to market intelligence firm IntoTheBlock.
In a new report, the crypto insights company explained that investors that long-term Ethereum holders sprung to action earlier this year and bought up over four million Ether worth $12.60 billion in a matter of weeks.
“Addresses holding Ether for over a year grew their positions by over four million ETH within weeks as prices plummeted in late January. This has led to their holdings reaching yearly highs, although it has been dropping in the last few days.”
Analyzing Bitcoin, IntoTheBlock reveals the BTC investor cohort that grew the fastest over the last month.
“Over the past 30 days, the number of addresses holding between 1,000 and 10,000 Bitcoin has grown faster than any other.”
The same notes reveal the following:
“Given the spike on February 28, many pointed to these addresses possibly belonging to Russians given their economic sanctions in light of the Ukrainian invasion. There is no proof behind these rumors thus far.”
New BTC and ETH price predictionsThe crypto market looks great today after the recent price surge that Bitcoin and ETH saw. At the moment of writing this article, both BTC and ETH are trading in the green.
BTC is trading at $47k and ETH is priced at $3,308. Check out the latest price predictions for the two coins below.
A popular crypto analyst and trader is mapping out what’s next for Bitcoin (BTC) and Ethereum (ETH). Stay tuned for more news.
The post Long Ethereum Holders Accumulate ETH first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation
Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation. CoinMark...
Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs mo...
Ethereum (ETH) Price Prediction: ETH Eyes Recovery From $2,600 as $2,666-$2,689 Becomes Resistance
Ethereum price is holding around $2,618 as buyers attempt to preserve the latest recovery, but the market is approaching a decisiv...
XRP Whales Dominate Exchange Outflows as Bitcoin Shorts Rise on Hyperliquid
The contrasting flows highlight a market where some large investors are moving XRP away from exchanges even as leveraged traders p...
Ethereum Researcher Says AI May Break Encryption Before Quantum Does
Ethereum Foundation researcher Justin Drake urged holders to calmly move funds to unused addresses, warning that AI-driven math co...
Ethereum Tests 200 Million Gas Limit On Sepolia As Glamsterdam Moves Forward
TL;DR: Ethereum’s Sepolia testnet is testing a 200 million block gas limit as part of work around the Glamsterdam upgrade. The exp...