Ethereum Whales Increase Accumulation Amid Market Rotation, Suggesting Possible Near-Term Upside

• Ethereum whales have significantly increased net inflows by 95%, signaling robust accumulation despite recent price stagnation.

• Mid-tier whales have purchased 3 million ONDO tokens, indicating bullish sentiment with a target to surpass the $0.92 resistance level.

• LINK whale transactions exceeding $100,000 have surged, pointing to strong bullish momentum aiming for a price near $15.53 this month, according to COINOTAG sources.

Crypto whales are accumulating Ethereum, ONDO, and Chainlink amid market stabilization, signaling potential price rallies and bullish momentum in July.

Ethereum (ETH) Whale Accumulation Signals Potential Upside

Ethereum continues to attract significant attention from crypto whales this month. Despite a period of price stagnation, large holders have ramped up their net inflows by an impressive 95%, according to IntoTheBlock data. This surge in accumulation reflects growing confidence among investors controlling more than 0.1% of ETH’s circulating supply.

The netflow metric, which measures the difference between tokens bought and sold by whales, serves as a critical indicator of market sentiment. A rising netflow suggests strong demand and potential upward price pressure. This trend may encourage retail investors to increase their ETH holdings, potentially driving the price higher in the near term.

Understanding whale behavior is essential for anticipating market movements, and Ethereum’s recent accumulation pattern positions it as a key asset to watch in the coming weeks.

ONDO Token Sees Significant Mid-Tier Whale Interest

ONDO, a real-world asset (RWA)-backed token, has experienced notable accumulation by mid-tier whales holding between 100 and 100,000 tokens. Santiment data reveals that these investors have collectively acquired 3 million ONDO tokens over the past week, signaling increased confidence in the token’s short-term prospects.

This growing demand from mid-tier holders could provide the necessary momentum to break through the critical resistance level at $0.92. However, market dynamics remain fluid, and a shift in whale sentiment could lead to profit-taking and a potential price retracement toward $0.66.

Chainlink (LINK) Whale Transactions Indicate Bullish Momentum

Chainlink has witnessed a surge in high-value whale transactions, with an increasing number of transfers exceeding $100,000 and $1 million. Santiment’s data highlights this uptick as a sign of growing confidence among large investors positioning for gains in July.

This heightened activity suggests strengthening bullish momentum, with LINK’s price potentially advancing toward $15.53. Conversely, a decline in whale demand could see the token’s value retreat to around $11.04, underscoring the importance of monitoring whale behavior for market insights.

Conclusion

Recent whale activity across Ethereum, ONDO, and Chainlink highlights a strategic accumulation phase amid broader market stabilization. These movements suggest that large investors are positioning for potential price appreciation in July. Monitoring whale netflows and transaction volumes remains crucial for anticipating market trends and making informed investment decisions. As always, investors should consider these signals alongside broader market conditions to navigate the evolving crypto landscape effectively.