Data on the chain show that the Ethereum network has recorded a edged augment in whale whales, which is a sign that the interest in a lot of money has returned to assets.
Vast Ethereum transactions reached the highest since 2021.
In fresh post WX, Sentor (formerly Intotheblock), the provider of institutional DEFI solutions talked about the latest trends in vast Ethereum transactions.
The “large volume of transaction” refers to the indicator here, which tracks the total amount of volume transferred to the Eth network by transactions worth over 100,000 USD.
In general, only whale -size investors are able to change the amount of this scale using a single transfer, so it can be assumed that the volume associated with these movements is a representation of the activities of vast money carried out by investors.
When the value of the metric increases, it means that whales augment transactional activity. Such a trend can be a sign that their interest in activation is growing. On the other hand, the falling indicator suggests that vast owners may lose their interest in cryptocurrency.
Now there is a chart that shows the trend in vast Ethereum transactions in the history of coins:
The value of the metric appears to have been rising in recent days | Source: Sentora on X
As shown in the graph above, the vast volume of Ethereum transactions recently observed a quick growth, which suggests that whales have significantly increased their transactional activity.
Last week, the value of the metric was up to over $ 100 billion, which is the highest weekly level since Bull 2021. This last wave of activity from whales donated with a breakthrough of ETH, which now led its price to high levels of 3000 USD.
Although this is certainly a sign of the interest in huge beings, it is complex to say if it is positive. The vast volume of transactions does not contain information about the division between purchase and sales movements, so its jump says nothing about which behavior is more dominant, only that your owners make some moves.
In some other messages, funds from the Ethereum Stock Exchange (ETF) have just seen a record week, as the Analytical Company Glassnode WX noted noted post.
The trend in the netflow associated with the US ETH spot ETFs | Source: Glassnode on X
It is noticeable from the map that ETF ETF on Ethereum has seen green weeks for some time, but the latest stands out on the very scale of the influx.
“Last week, ETF on ETHEREUM recorded an influx of over 588,000 ETH – almost 17 -times medium -sized and more than twice as much as the previous record,” notes Glassnode.
Price ETH
At the time of writing, Ethereum trads around USD 3,730, which is an augment of 2% over the past week.
Looks like the price of the coin has been climbing up recently | Source: ETHUSDT on TradingView
A distinguished picture from Dall-E, Glassnode.com, Intotheblock.com, Chart from TradingView.com
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