Ethereum Whales Buy Back 218,470 ETH, Signaling Positive Momentum After 1.36M ETH Sold, Santiment Data

COINOTAG News reports that Santiment’s on-chain data shows renewed confidence among Ethereum holders in the 100–10,000 ETH range, often described as whales and sharks. The findings imply a shift in market sentiment within this active cohort, signaling improving demand for ETH despite recent volatility.

From October 5 to 16, this segment sold about 1.36 million ETH, but in the last week purchased 218,470 ETH, roughly one-sixth of prior disposals. The net redeployment suggests a constructive rebalancing by large holders and reinforces a cautiously bullish market sentiment for Ethereum into the near term.