Mixed Whale Activity Adds Volatility to ETH Markets

[cryptobro]

While major buyers accumulate, some whales are reducing positions. Arthur Hayes sold 682 ETH (~$2M) recently, rotating into high-quality DeFi tokens. Meanwhile, a Bitcoin OG whale deposited 100,000 ETH (~$292M) to Binance, signaling potential selling.

Despite these moves, BeInCrypto notes that selling among long-term Ethereum holders has collapsed by over 95%, indicating that the majority of large holders remain committed to holding ETH through short-term volatility.

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Whales been staking up some ETH

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might need to buy some too