- Ethereum whales and sharks have added 1.49 million tokens to their wallets, while retail participation and address activity continue to decline.
- Despite investor accumulation trends, there is a cautious sentiment in the market.
Over the past 30 days, Ethereum [ETH] whale and shark wallets have added over 1.49 million tokens to their wallets, pushing their total share to nearly 27% of the circulating supply. 🐳🦈
This accumulation came as retail traders locked in profits, allowing larger holders to steadily increase their control. 💰
Despite the dip in market sentiment, these strategic entities have expanded their holdings by 3.72%, suggesting growing conviction. 📈
The shift in supply distribution hints at a potential reversal, especially if retail activity begins to realign with this long-term bullish behavior. 🤞
Is ETH losing retail momentum?
While large holders are positioning for long-term gains, retail participation has declined sharply. New addresses dropped -26.50%, and active addresses plunged by -55.37% in the past seven days. 😱
Additionally, transactions above $1M dropped more than -45%, and those above $10M completely vanished. 💸
Meanwhile, smaller transfers between $10 and $100 surged by over 106%, revealing short-term speculation rather than conviction. 🤑
These trends show that although Ethereum’s price has stabilized, smaller participants remain hesitant. 🤔
ETH’s momentum in danger
The latest liquidation heatmap revealed a dense concentration of long liquidations around the $2,550–$2,650 range. 🔥
Ethereum’s price recently climbed into this zone, triggering caution among leveraged traders. This area now acts as resistance, with significant liquidity set to unwind if prices fail to hold. 😰
If bulls manage to breach this wall, short liquidations could accelerate upside pressure. However, failure to push higher may lead to a swift correction. 📉
True confidence or mild optimism?
Despite price movement and whale accumulation, Ethereum’s Funding Rate remained slightly positive at +0.0045%. 📊
This suggested a modest long bias among Futures traders, but lacked the intensity seen during breakout phases. The absence of high leverage build-up implies caution, not conviction. 😐
Therefore, while sentiment leans bullish, it reflects careful positioning rather than aggressive risk-taking. 🤓
Until Funding flips sharply positive or Open Interest surges, the market may remain range-bound. This muted enthusiasm reflects the current wait-and-see approach among traders. 🧐
Whales gain control
According to historical concentration metrics, whales increased their holdings by +1.89%, and investors by +14.48% over the past 30 days. In contrast, retail holders reduced their share by -0.91%. 📉
This shift in ownership underlines a quiet rotation of capital from weaker hands to stronger ones. The continued accumulation by these groups reinforces the idea of long-term bullishness. 📈
As whales tighten their grip on supply, Ethereum’s resilience may strengthen—even without significant retail involvement for now. 🦈
Ultimately, Ethereum’s on-chain metrics suggest bullish accumulation by key stakeholders while retail interest continues to wane. 😴
However, without a retail resurgence and a strong break above $2,650, ETH may remain range-bound in the near term. 😐
The market now waits for a catalyst to align whale confidence with broader trader momentum. 🔮
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2025-06-14 23:09