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COINOTAG News, November 5, citing LookIntoChain on-chain data, reports a shift in sentiment as large holders stepped in after a dip in ETH prices. The activity suggests renewed demand and improved liquidity conditions for the Ethereum market, with whales reallocating capital following the pullback.
Over the past 48 hours, whales accumulated 323,523 ETH, worth about $1.12 billion at current prices. This on-chain signal points to credible demand from sizable wallets, potentially forming a short-term price floor and illustrating the value of robust on-chain data for gauging cryptocurrency market dynamics.
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