bt-crow.com
02 December 2021 21:30, UTC
Reading time: ~ 2 m
All categories of investors, including whales, took advantage of the drop in the value of Ether (ETH). According to Glassnode, the number of wallets with any amount of ETH reached 69.113 million yesterday, a new record in altcoin history.
Meanwhile, the cost of ether continues to fall. On the night of Friday, December 3, the price of ETH dropped to $ 4498 (-3.59%). Cryptocurrency capitalization fell to $ 534.022 billion.
The greatest activity in November was shown by whale addresses holding from 100,000 to 10 million air.
A report from the Santiment team says that in the second half of November, that is, during a massive sale in the market, large wallets added an additional 676,000 coins to their reserves.
In 45 days, the whales acquired a total of 1.28 million ETH, and in 60 days – 1.46 million Ether. The accumulative tactics of whale wallets signal that large investors expect the cryptocurrency rally to resume in the very near future.
Most likely, they will wait for the December spurt in order to then reset some of the accumulated coins at the peak.
However, even in the event of another sale, Ethereum is unlikely to fall below $ 4000. This mark has already become an updated fundamental value for an altcoin with strong support, analysts say.
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