Post #2980

Ethereum whales currently have almost no unrealized profit, meaning their average buying price is very close to the current ETH price. Even after the recent price drop, they haven’t been selling instead, they have continued accumulating more ETH. This behavior suggests they don’t see the cycle as over; if they did, they would be taking profits, not buying more. From the whales’ point of view, the current price range looks like a good accumulation zone, close to local lows