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📖 Day 1 · Quiz (Single Choic
ETH Whale increased holdings by 14% over 5 months, which may indicate bullish sentiment.
[Chain News] On September 4th, it was reported that the Crypto Assets sentiment analysis platform indicated that since Ethereum fell to its annual low in April, Ethereum Whales have been increasing their buying power. In just five months, the amount of Ethereum held by the whale group owning between 1,000 to 100,000 ETH has increased by 14%. Crypto market participants often observe the activities of whales to assess sentiment, as dumping may signal bearishness, while accumulation may indicate bullishness and expectations of higher prices.