Large wallets added ~300K ETH (+$850M) since Dec 26 while price stayed flat, classic accumulation during low volatility.
Meanwhile, ETH fundamentals remain strong: ~$331B TVL vs ~$353B FDV (~1.1x). Price may be below key EMAs, but whales are positioning for the long term, not the next candle.
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$ETH whales are moving early.
Large wallets added ~300K ETH (+$850M) since Dec 26 while price stayed flat, classic accumulation during low volatility.
Meanwhile, ETH fundamentals remain strong: ~$331B TVL vs ~$353B FDV (~1.1x). Price may be below key EMAs, but whales are positioning for the long term, not the next candle.