Ethereum

<p>Market Intelligence platform Santiment <a href="https://twitter.com/santimentfeed/status/1711924636102066264" target="_blank" rel="noopener noreferrer nofollow">reports</a> that the richest Ethereum addresses keep accumulating ETH at a rapid pace, even as prices languish around $1,500. The data suggests wealthy holders are positioning for the long term despite current bearishness.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="659" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-1024x659.png" alt="" class="wp-image-353543" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-1024x659.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-300x193.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-768x494.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-1536x989.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-2048x1318.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-233x150.png 233w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-544x350.png 544w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261-788x507.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-261.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>According to Santiment, the top 10 non-exchange Ethereum wallets hold a collective 39.22 million ETH – representing massive consolidated holdings outside of trading platforms.</p>
<p>Additionally, just 8.51% of total ETH supply currently sits on exchanges—a 2-year low. With less Ether parked on trading venues, it signals diminished selling pressure from short-term speculators.</p>
<p>The combination of surging whale buying along with ongoing exchange outflows paints a decidedly bullish long-term picture. Top ETH owners appear to be scooping up discounted tokens ahead of the next cycle.</p>
<p>It affirms that the wealthiest crypto investors retain a high-conviction outlook on Ethereum amid the protracted downturn. Even after plunging from all-time highs, big buyers are treating sub-$2,000 ETH as an opportunity.</p>
<p>Santiment concludes that both retail and institutional whales are positioning for the future rather than capitulating, an encouraging sign during times of extreme fear.</p>
<p>However, the analyst community remains divided on whether macro conditions will delay Ethereum’s next bull run despite strengthening on-chain fundamentals.</p>
<p>While the actions of elite whales signal long-term optimism, ETH may still face significant technical resistance as it attempts to reverse its multi-month downtrend. But if the richest hodlers maintain their aggressive accumulation, supply shocks could spur a violent repricing at any moment.</p>
<p>For now, Ethereum’s wealthiest stakeholders are sending a clear message – they expect brighter days ahead, even as weaker hands waver. Their on-chain footprints indicate that under the surface, accumulation continues unabated.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/top-ethereum-addresses-keep-stockpiling-eth-despite-downtrend-expert/">Top Ethereum Addresses Keep Stockpiling ETH Despite Downtrend – Expert</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Top Ethereum Addresses Keep Stockpiling ETH Despite Downtrend – Expert

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