Whales Just Bet $832 Million on the Ethereum Price Dip, Here’s Why
The post Whales Just Bet $832 Million on the Ethereum Price Dip, Here’s Why appeared on BitcoinEthereumNews.com. Ethereum (ETH) price has lost 3.6% since May 10, dipping significantly inside a falling channel that has held since April 17. Whales used the dip to load up on $832 million in ETH. Derivatives positioning shows the rally that preceded the breakdown was short-covering, not new longs piling in. That hands whales a low-leverage entry. The catch sits with long-term hodlers, who have cut accumulation by nearly 80% since late April. Whales Bought $832 Million as the Price Slid The Ethereum whale supply, excluding exchanges, tells a story the price chart misses. Whale wallets have steadily added ETH through the recent breakdown. The metric climbed from 124.69 million ETH to roughly 125.05 million across the period, an increase of 360,000 ETH. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. At an current ETH price, those 360,000